Civista Bancshares (CIVB) to Release Quarterly Earnings on Tuesday

Civista Bancshares (NASDAQ:CIVB) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Civista Bancshares to post earnings of $0.47 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, February 8th. The bank reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. Civista Bancshares had a return on equity of 12.26% and a net margin of 19.85%. The business had revenue of $38.88 million for the quarter, compared to analyst estimates of $38.40 million. On average, analysts expect Civista Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Civista Bancshares Stock Performance

NASDAQ:CIVB opened at $15.24 on Tuesday. Civista Bancshares has a twelve month low of $13.99 and a twelve month high of $19.80. The stock has a market cap of $239.12 million, a P/E ratio of 5.56 and a beta of 0.78. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.22. The business’s 50-day moving average price is $14.94 and its two-hundred day moving average price is $15.93.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 13th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, February 12th. Civista Bancshares’s payout ratio is currently 23.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Hovde Group assumed coverage on Civista Bancshares in a research report on Monday, April 1st. They issued a “market perform” rating and a $16.00 target price for the company. TheStreet cut shares of Civista Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Piper Sandler began coverage on shares of Civista Bancshares in a report on Wednesday, February 21st. They set a “neutral” rating and a $18.00 target price on the stock. Finally, Stephens lowered their price target on shares of Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.67.

Insider Activity

In other news, SVP Michael D. Mulford bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $15.82 per share, with a total value of $31,640.00. Following the completion of the purchase, the senior vice president now directly owns 2,000 shares in the company, valued at $31,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.01% of the company’s stock.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.