Research Analysts Set Expectations for CIVB Q1 Earnings

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of Civista Bancshares in a research report issued on Monday, February 3rd. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.49 for the quarter. The consensus estimate for Civista Bancshares' current full-year earnings is $2.08 per share.

Several other research analysts have also issued reports on CIVB. Stephens reiterated an "equal weight" rating and issued a $24.00 price target on shares of Civista Bancshares in a research note on Friday, January 31st. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on Civista Bancshares from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Hovde Group raised Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.50.

Civista Bancshares Stock Up 0.1 %

CIVB traded up $0.02 during trading on Tuesday, reaching $21.46. The stock had a trading volume of 91,276 shares, compared to its average volume of 53,635. Civista Bancshares has a one year low of $13.60 and a one year high of $23.69. The company has a market capitalization of $337.78 million, a price-to-earnings ratio of 10.62 and a beta of 0.81. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock's 50 day moving average is $21.34 and its two-hundred day moving average is $19.43.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%.

Institutional Investors Weigh In On Civista Bancshares

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Civista Bancshares during the 3rd quarter valued at about $45,000. SG Americas Securities LLC purchased a new stake in Civista Bancshares in the 3rd quarter worth approximately $102,000. Los Angeles Capital Management LLC boosted its position in shares of Civista Bancshares by 4.4% in the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank's stock worth $248,000 after purchasing an additional 589 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Civista Bancshares in the second quarter worth $323,000. Finally, Jane Street Group LLC raised its position in shares of Civista Bancshares by 24.2% during the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank's stock valued at $360,000 after purchasing an additional 3,934 shares during the period. 52.10% of the stock is owned by hedge funds and other institutional investors.

Civista Bancshares Increases Dividend

The company 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. This is a positive change from Civista Bancshares's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, February 4th. Civista Bancshares's payout ratio is presently 31.68%.

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.