Civista Bancshares (NASDAQ:CIVB – Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07, Zacks reports. Civista Bancshares had a net margin of 20.79% and a return on equity of 10.65%.
Civista Bancshares Stock Performance
NASDAQ CIVB traded up $1.07 during midday trading on Thursday, hitting $27.82. The company had a trading volume of 36,032 shares, compared to its average volume of 112,676. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.41. The stock has a market cap of $578.59 million, a price-to-earnings ratio of 10.31 and a beta of 0.66. The firm has a fifty day simple moving average of $27.19 and a two-hundred day simple moving average of $26.73. Civista Bancshares has a fifty-two week low of $20.87 and a fifty-two week high of $29.97.
Civista Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Tuesday, November 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 2.6%. Civista Bancshares’s dividend payout ratio is 26.67%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Piper Sandler lifted their price objective on Civista Bancshares from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $31.00 price objective (up from $29.00) on shares of Civista Bancshares in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Civista Bancshares in a research note on Friday, October 2nd. DA Davidson raised their target price on Civista Bancshares from $31.00 to $33.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Zacks Research downgraded Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.25.
Check Out Our Latest Analysis on Civista Bancshares
Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company headquartered in Sandusky, Ohio. It operates primarily through Civista Bank, a community banking institution that provides financial services to individuals, families, businesses and public-sector organizations.
Civista Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate, consumer, agricultural and commercial loans.
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