Analysts predict that Civista Bancshares, Inc. (NASDAQ:CIVB) will announce $0.53 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Civista Bancshares’ earnings. The highest EPS estimate is $0.58 and the lowest is $0.49. Civista Bancshares reported earnings per share of $0.41 during the same quarter last year, which indicates a positive year-over-year growth rate of 29.3%. The company is scheduled to report its next earnings report on Friday, July 23rd.
According to Zacks, analysts expect that Civista Bancshares will report full-year earnings of $2.18 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.33. For the next fiscal year, analysts forecast that the firm will report earnings of $1.93 per share, with EPS estimates ranging from $1.86 to $2.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Thursday, April 22nd. The bank reported $0.68 EPS for the quarter, hitting analysts’ consensus estimates of $0.68. Civista Bancshares had a net margin of 23.92% and a return on equity of 8.93%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. purchased a new stake in Civista Bancshares during the first quarter worth approximately $48,000. Citigroup Inc. grew its stake in Civista Bancshares by 302.4% during the fourth quarter. Citigroup Inc. now owns 3,054 shares of the bank’s stock worth $54,000 after buying an additional 2,295 shares during the period. Meeder Asset Management Inc. purchased a new stake in Civista Bancshares during the first quarter worth approximately $83,000. Nisa Investment Advisors LLC lifted its position in shares of Civista Bancshares by 100.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,800 shares of the bank’s stock worth $84,000 after purchasing an additional 2,400 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Civista Bancshares by 83.9% during the first quarter. BNP Paribas Arbitrage SA now owns 7,605 shares of the bank’s stock worth $174,000 after purchasing an additional 3,469 shares in the last quarter. Institutional investors own 53.33% of the company’s stock.
Civista Bancshares stock traded up $0.77 during trading on Thursday, reaching $23.30. The company had a trading volume of 64,069 shares, compared to its average volume of 51,339. Civista Bancshares has a 12-month low of $11.25 and a 12-month high of $23.93. The stock’s 50 day moving average price is $23.04 and its two-hundred day moving average price is $19.43. The firm has a market capitalization of $364.02 million, a price-to-earnings ratio of 12.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.05 and a current ratio of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, May 1st. Shareholders of record on Tuesday, April 20th were paid a dividend of $0.12 per share. The ex-dividend date was Monday, April 19th. This represents a $0.48 annualized dividend and a yield of 2.06%. Civista Bancshares’s dividend payout ratio 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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