Zacks: Analysts Expect Civista Bancshares Inc (NASDAQ:CIVB) to Post $0.49 EPS

Equities research analysts expect that Civista Bancshares Inc (NASDAQ:CIVB) will announce $0.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Civista Bancshares’ earnings, with estimates ranging from $0.48 to $0.49. Civista Bancshares reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The company is scheduled to report its next earnings results before the market opens on Friday, July 26th.

According to Zacks, analysts expect that Civista Bancshares will report full year earnings of $2.02 per share for the current year, with EPS estimates ranging from $2.00 to $2.03. For the next year, analysts expect that the firm will post earnings of $2.14 per share, with EPS estimates ranging from $2.13 to $2.14. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, May 3rd. The bank reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $27.22 million. Civista Bancshares had a return on equity of 10.70% and a net margin of 16.63%.

Several analysts recently issued reports on CIVB shares. ValuEngine raised YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods lifted their price objective on American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Sunday, July 7th. Finally, Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.33.

Shares of CIVB stock traded up $0.09 during trading hours on Monday, reaching $21.52. 33,075 shares of the company traded hands, compared to its average volume of 44,880. Civista Bancshares has a 12-month low of $15.55 and a 12-month high of $25.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $334.83 million, a P/E ratio of 11.63, a P/E/G ratio of 1.33 and a beta of 0.76. The stock’s 50-day moving average price is $21.73.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, July 23rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, July 22nd. Civista Bancshares’s payout ratio is 23.78%.

In other news, Director Gerald B. Wurm acquired 10,000 shares of Civista Bancshares stock in a transaction on Thursday, May 30th. The shares were acquired at an average price of $21.77 per share, with a total value of $217,700.00. Following the purchase, the director now directly owns 2,878 shares in the company, valued at approximately $62,654.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.45% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in shares of Civista Bancshares by 474.4% during the 4th quarter. Macquarie Group Ltd. now owns 1,413 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,167 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Civista Bancshares by 893.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,952 shares of the bank’s stock valued at $64,000 after purchasing an additional 2,655 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Civista Bancshares by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,896 shares of the bank’s stock valued at $85,000 after purchasing an additional 3,824 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Civista Bancshares by 57.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 5,724 shares of the bank’s stock valued at $100,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Civista Bancshares by 58.4% during the 4th quarter. Barclays PLC now owns 8,126 shares of the bank’s stock valued at $142,000 after purchasing an additional 2,995 shares during the last quarter. 53.99% of the stock is currently owned by hedge funds and other institutional investors.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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