Brokers Set Expectations for CIVB Q4 Earnings

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Civista Bancshares in a research note issued on Friday, November 1st. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.54 for the quarter. The consensus estimate for Civista Bancshares' current full-year earnings is $1.80 per share.

Other equities research analysts also recently issued reports about the company. Stephens raised their price target on Civista Bancshares from $18.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Hovde Group raised Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Wednesday, October 30th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $19.00 price target (up from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Finally, Piper Sandler raised their price objective on shares of Civista Bancshares from $16.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Civista Bancshares has a consensus rating of "Moderate Buy" and an average target price of $20.25.

Civista Bancshares Stock Performance

CIVB remained flat at $20.36 during trading on Monday. 66,673 shares of the company traded hands, compared to its average volume of 39,107. The stock has a market capitalization of $320.47 million, a price-to-earnings ratio of 10.13 and a beta of 0.78. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.64. Civista Bancshares has a 12-month low of $13.60 and a 12-month high of $20.93. The company has a 50 day simple moving average of $17.76 and a 200 day simple moving average of $16.19.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.09. The company had revenue of $62.43 million for the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.46%. During the same quarter last year, the firm posted $0.66 earnings per share.

Institutional Investors Weigh In On Civista Bancshares

A number of institutional investors have recently added to or reduced their stakes in CIVB. Los Angeles Capital Management LLC lifted its position in shares of Civista Bancshares by 4.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank's stock worth $248,000 after buying an additional 589 shares during the period. Rhumbline Advisers lifted its holdings in shares of Civista Bancshares by 2.6% during the second quarter. Rhumbline Advisers now owns 24,199 shares of the bank's stock valued at $375,000 after acquiring an additional 619 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Civista Bancshares by 11.3% in the 1st quarter. Russell Investments Group Ltd. now owns 24,080 shares of the bank's stock valued at $370,000 after purchasing an additional 2,453 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Civista Bancshares by 5.4% in the 2nd quarter. Victory Capital Management Inc. now owns 51,650 shares of the bank's stock worth $800,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Civista Bancshares by 8.1% during the 1st quarter. Empowered Funds LLC now owns 44,169 shares of the bank's stock worth $679,000 after purchasing an additional 3,325 shares in the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Civista Bancshares

In other Civista Bancshares news, Director Julie A. Mattlin acquired 2,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $15.60 per share, for a total transaction of $31,200.00. Following the purchase, the director now owns 12,442 shares in the company, valued at $194,095.20. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.01% of the stock is owned by insiders.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a $0.16 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.14%. Civista Bancshares's dividend payout ratio is currently 31.84%.

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.