Civista Bancshares (CIVB) to Release Quarterly Earnings on Tuesday

Civista Bancshares (NASDAQ:CIVB - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. Civista Bancshares had a return on equity of 9.24% and a net margin of 14.48%. During the same period in the previous year, the company posted $0.64 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 Stock Up 2.0 %

Civista Bancshares stock traded up $0.35 on Tuesday, hitting $18.14. 26,336 shares of the stock traded hands, compared to its average volume of 38,430. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $19.00. The firm has a market cap of $285.29 million, a P/E ratio of 7.79 and a beta of 0.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.64. The business's fifty day simple moving average is $17.27 and its 200 day simple moving average is $15.89.

Civista Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a yield of 3.53%. Civista Bancshares's dividend payout ratio (DPR) is currently 27.47%.

Insider Activity at Civista Bancshares

In other Civista Bancshares news, Director Julie A. Mattlin purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $15.60 per share, for a total transaction of $31,200.00. Following the completion of the purchase, the director now directly owns 12,442 shares of the company's stock, valued at $194,095.20. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CIVB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $19.00 target price (up previously from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th. Piper Sandler lifted their price objective on Civista Bancshares from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.25.

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.