Civista Bancshares (CIVB) Stock Price, News & Analysis

Company Overview

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. The company also holds and manages securities portfolio; leases general equipment; and provides captive insurance products. It operates in North Central, West Central, South Western Ohio, South Eastern Indiana, and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.

Key Stats

• Today's Range: $17.79 to $18.25
• 50-Day Range: $15.49 to $18.98
• 52-Week Range: $13.60 to $19.00
• Volume: 146,114 shs
• Average Volume: 37,995 shs
• Market Capitalization: $279.78 million
• P/E Ratio: 7.64
• Dividend Yield: 3.60%
• Price Target: $18.25
• Consensus Rating: Hold

Civista Bancshares Stock Analysis - MarketRank™

Civista Bancshares scored higher than 85% of companies evaluated by MarketBeat, and ranked 218th out of 905 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Civista Bancshares has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Civista Bancshares has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 5.11%

Earnings Growth

Earnings for Civista Bancshares are expected to grow by 5.11% in the coming year, from $1.76 to $1.85 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Civista Bancshares is 7.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.19.

Price to Earnings Ratio vs. Sector

The P/E ratio of Civista Bancshares is 7.64, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 35.67.

Price to Book Value per Share Ratio

Civista Bancshares has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.85% of the float of Civista Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Civista Bancshares has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Civista Bancshares has recently increased by 3.37%, indicating that investor sentiment is decreasing.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Civista Bancshares is a leading dividend payer. It pays a dividend yield of 3.85%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Civista Bancshares has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Civista Bancshares is 27.47%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Civista Bancshares will have a dividend payout ratio of 34.59% next year. This indicates that Civista Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.1 / 5
• Environmental Score: -0.68

Percentage of Shares Shorted

0.85% of the float of Civista Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Civista Bancshares has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Civista Bancshares has recently increased by 3.37%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

MarketBeat Follows

2 people have added Civista Bancshares to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Civista Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $31,200.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 3.01% of the stock of Civista Bancshares is held by insiders.

Percentage Held by Institutions

52.10% of the stock of Civista Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CIVB Stock Analysis - Frequently Asked Questions

How have CIVB shares performed this year?

Civista Bancshares' stock was trading at $18.44 on January 1st, 2024. Since then, CIVB stock has decreased by 3.5% and is now trading at $17.79.
View the best growth stocks for 2024 here.

How were Civista Bancshares' earnings last quarter?

Civista Bancshares, Inc. (NASDAQ:CIVB) released its earnings results on Monday, July, 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The bank had revenue of $61.14 million for the quarter, compared to the consensus estimate of $36.57 million. Civista Bancshares had a trailing twelve-month return on equity of 9.24% and a net margin of 14.48%.

Who are Civista Bancshares' major shareholders?

Top institutional shareholders of Civista Bancshares include Dimensional Fund Advisors LP (5.06%), Pacific Ridge Capital Partners LLC (2.25%), Beese Fulmer Investment Management Inc. (1.15%) and Summit Financial Strategies Inc. (0.95%). Insiders that own company stock include Allen R Nickles, Gerald B Wurm, William F Ritzmann, Julie A Mattlin, Harry Singer, Nathan E Weaks, Michael D Mulford and Charles A Parcher.
View institutional ownership trends.

How do I buy shares of Civista Bancshares?

Shares of CIVB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Civista Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Civista Bancshares investors own include Walt Disney (DIS), Enterprise Products Partners (EPD), BAE Systems (BA), Verizon Communications (VZ), AbbVie (ABBV), Dominion Energy (D) and Enbridge (ENB).

Company Calendar

• Last Earnings: 7/29/2024
• Ex-Dividend for 8/20 Dividend: 8/06/2024
• Dividend Payable: 8/20/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/25/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:CIVB
• CUSIP: N/A
• CIK: 944745
• Web: www.civb.com
• Phone: (419) 625-4121
• Fax: 419-627-3359
• Employees: 440
• Year Founded: 1884

Price Target and Rating

• Average Stock Price Target: $18.25
• High Stock Price Target: $19.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +2.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.33
• Trailing P/E Ratio: 7.68
• Forward P/E Ratio: 10.17
• P/E Growth: N/A
• Net Income: $42.96 million
• Net Margins: 14.48%
• Pretax Margin: 16.77%
• Return on Equity: 9.24%
• Return on Assets: 0.86%

Debt

• Debt-to-Equity Ratio: 1.64
• Current Ratio: 1.01
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $151.19 million
• Price / Sales: 1.86
• Cash Flow: $3.76 per share
• Price / Cash Flow: 4.76
• Book Value: $23.70 per share
• Price / Book: 0.76

Miscellaneous

• Outstanding Shares: 15,727,000
• Free Float: 15,254,000
• Market Cap: $281.51 million
• Optionable: Optionable
• Beta: 0.80