Civista Bancshares (CIVB) to Release Earnings on Thursday

Civista Bancshares (NASDAQ:CIVB) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Civista Bancshares to post earnings of $0.53 per share and revenue of $39.79 million for the quarter. Parties that wish to listen to 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The business 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 period in the prior year, the company posted $0.66 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 Down 0.7 %

Shares of Civista Bancshares stock opened at $21.46 on Wednesday. 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 1-year low of $13.60 and a 1-year high of $23.69. The business’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $19.22. The company has a market capitalization of $337.78 million, a P/E ratio of 10.68 and a beta of 0.82.

Civista Bancshares Increases Dividend

The business 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 $0.17 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $0.68 annualized dividend and a yield of 3.17%. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s dividend payout ratio is presently 31.84%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CIVB. Hovde Group upgraded shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, October 30th. Stephens boosted their target price on Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price target on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Civista Bancshares presently has an average rating of “Moderate Buy” and an average 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.