Civista Bancshares (CIVB) to Release Quarterly Earnings on Thursday

Civista Bancshares (NASDAQ:CIVB - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $39,976.60 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.09. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. The business had revenue of $62.43 million during the quarter, compared to analysts' expectations of $37.60 million. During the same period last year, the business 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 Trading Up 0.6 %

Shares of CIVB traded up $0.13 during trading on Thursday, reaching $21.19. 63,709 shares of the company traded hands, compared to its average volume of 49,972. Civista Bancshares has a twelve month low of $13.60 and a twelve month high of $23.69. The stock has a market cap of $333.53 million, a PE ratio of 10.54 and a beta of 0.82. The stock has a 50-day simple moving average of $21.62 and a 200-day simple moving average of $19.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01.

Civista Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, February 4th. This is a boost from Civista Bancshares's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.21%. Civista Bancshares's dividend payout ratio (DPR) is currently 31.84%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CIVB shares. Stephens lifted their price objective on shares of Civista Bancshares from $18.00 to $21.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Hovde Group upgraded shares of Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.75.

About Civista Bancshares

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.