Brokerages predict that Civista Bancshares, Inc. (NASDAQ:CIVB) will report sales of $31.95 million for the current quarter, Zacks reports. Two analysts have made estimates for Civista Bancshares’ earnings. The highest sales estimate is $32.00 million and the lowest is $31.90 million. Civista Bancshares reported sales of $28.99 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The company is scheduled to announce its next earnings results before the market opens on Friday, April 23rd.
On average, analysts expect that Civista Bancshares will report full-year sales of $117.85 million for the current fiscal year, with estimates ranging from $117.30 million to $118.40 million. For the next financial year, analysts forecast that the firm will report sales of $116.55 million, with estimates ranging from $115.20 million to $117.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, February 4th. The bank reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.20. Civista Bancshares had a net margin of 23.92% and a return on equity of 8.93%. The business had revenue of $31.20 million during the quarter, compared to the consensus estimate of $28.60 million.
Several research firms have weighed in on CIVB. Zacks Investment Research raised shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, February 10th. DA Davidson raised shares of Civista Bancshares from a “neutral” rating to a “buy” rating and lifted their price target for the company from $19.00 to $24.00 in a research note on Monday, January 4th. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $20.25.
Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners grew its holdings in shares of Civista Bancshares by 17.7% during the third quarter. Boston Partners now owns 39,693 shares of the bank’s stock valued at $497,000 after buying an additional 5,983 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Civista Bancshares by 5.0% during the third quarter. Victory Capital Management Inc. now owns 72,050 shares of the bank’s stock valued at $902,000 after buying an additional 3,410 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Civista Bancshares by 169.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 38,050 shares of the bank’s stock valued at $476,000 after buying an additional 23,950 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Civista Bancshares by 14.8% during the fourth quarter. Rhumbline Advisers now owns 25,874 shares of the bank’s stock valued at $454,000 after buying an additional 3,333 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Civista Bancshares by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,205,195 shares of the bank’s stock valued at $21,126,000 after buying an additional 32,307 shares during the last quarter. Hedge funds and other institutional investors own 53.33% of the company’s stock.
CIVB traded up $0.07 during midday trading on Friday, hitting $23.05. The company had a trading volume of 332 shares, compared to its average volume of 49,860. Civista Bancshares has a 52 week low of $11.25 and a 52 week high of $23.93. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $365.27 million, a price-to-earnings ratio of 12.56 and a beta of 0.98. The stock’s 50 day moving average price is $21.62 and its 200 day moving average price is $17.70.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 1st. Stockholders of record on Tuesday, January 19th were issued a dividend of $0.12 per share. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, January 15th. Civista Bancshares’s dividend payout ratio (DPR) is currently 23.88%.
Civista Bancshares Company Profile
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. The company collects a range of customer deposits; and offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans, as well as letters of credit.
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