Civista Bancshares (CIVB) to Release Earnings on Tuesday

Civista Bancshares (NASDAQ:CIVB) is set to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Civista Bancshares to post earnings of $0.44 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Monday, July 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. During the same period last year, the business posted $0.64 EPS. 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

CIVB opened at $17.79 on Tuesday. The stock’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $15.87. Civista Bancshares has a 12-month low of $13.60 and a 12-month high of $19.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $279.78 million, a P/E ratio of 7.64 and a beta of 0.80.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Tuesday, August 6th. Civista Bancshares’s dividend payout ratio is presently 27.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Piper Sandler raised their price target on Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.25.

Insider Activity

In other news, Director Julie A. Mattlin acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $15.60 per share, with a total value of $31,200.00. Following the acquisition, the director now owns 12,442 shares of the company’s stock, valued at $194,095.20. This trade represents a 0.00 % increase in their position. The acquisition 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.