Civista Bancshares (CIVB) Expected to Announce Earnings on Thursday

Civista Bancshares (NASDAQ:CIVB) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Civista Bancshares to post earnings of $0.53 per share and revenue of $39,976.60 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $62.43 million during the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. During the same quarter in the previous year, the firm earned $0.66 earnings per share. 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 Price Performance

Shares of NASDAQ:CIVB opened at $21.06 on Thursday. The firm has a market capitalization of $331.48 million, a price-to-earnings ratio of 10.48 and a beta of 0.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares has a one year low of $13.60 and a one year high of $23.69. The company’s fifty day moving average price is $21.65 and its 200-day moving average price is $19.04.

Civista Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s dividend payout ratio (DPR) is currently 31.84%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CIVB shares. Keefe, Bruyette & Woods boosted their price target on shares of Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Stephens raised their price objective on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Hovde Group upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and two have given a buy 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 $21.75.

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.