Civista Bancshares, Inc. (NASDAQ:CIVB) to Release Earnings on Friday
Civista Bancshares, Inc. (NASDAQ:CIVB) will be posting its quarterly earnings results before the market opens on Friday, July 28th. Analysts expect Civista Bancshares to post earnings of $0.31 per share for the quarter.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Friday, April 28th. The bank reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $18.03 million during the quarter, compared to the consensus estimate of $17.92 million. Civista Bancshares had a net margin of 24.39% and a return on equity of 12.30%. On average, analysts expect Civista Bancshares to post $1.32 EPS for the current fiscal year and $1.46 EPS for the next fiscal year.
Civista Bancshares, Inc. (CIVB) opened at 20.96 on Friday. The company has a market capitalization of $212.93 million, a price-to-earnings ratio of 13.61 and a beta of 0.47. Civista Bancshares, Inc. has a 12 month low of $12.99 and a 12 month high of $23.75. The stock has a 50 day moving average of $20.51 and a 200 day moving average of $21.32.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, July 14th. Civista Bancshares’s dividend payout ratio is currently 15.58%.
CIVB has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a research note on Wednesday, April 5th. DA Davidson restated a “neutral” rating and issued a $24.50 price objective on shares of Civista Bancshares in a research note on Tuesday, July 4th. Finally, Zacks Investment Research upgraded Civista Bancshares from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.31.
In other news, Director David A. Voight sold 5,884 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $20.78, for a total transaction of $122,269.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis E. Murray, Jr. purchased 2,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $21.38 per share, for a total transaction of $42,760.00. Following the completion of the transaction, the director now owns 14,023 shares of the company’s stock, valued at $299,811.74. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 4,050 shares of company stock worth $82,998. Company insiders own 4.79% of the company’s stock.
About Civista Bancshares
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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