Equities research analysts expect that Civista Bancshares, Inc. (NASDAQ:CIVB) will post sales of $17.60 million for the current quarter, Zacks reports. Two analysts have provided estimates for Civista Bancshares’ earnings, with the highest sales estimate coming in at $17.80 million and the lowest estimate coming in at $17.39 million. Civista Bancshares reported sales of $16.18 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.8%. The firm is expected to report its next quarterly earnings report on Friday, October 20th.

On average, analysts expect that Civista Bancshares will report full year sales of $17.60 million for the current year, with estimates ranging from $70.14 million to $71.20 million. For the next fiscal year, analysts expect that the company will report sales of $75.76 million per share, with estimates ranging from $75.11 million to $76.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.04). Civista Bancshares had a return on equity of 11.19% and a net margin of 21.97%. The business had revenue of $17.47 million during the quarter, compared to the consensus estimate of $17.70 million.

Several equities analysts recently commented on the company. DA Davidson restated a “neutral” rating and set a $24.50 target price on shares of Civista Bancshares in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a research report on Sunday, July 30th. Boenning Scattergood set a $24.00 price objective on Civista Bancshares and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Civista Bancshares has an average rating of “Hold” and an average target price of $22.65.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System bought a new position in Civista Bancshares in the 2nd quarter valued at $367,000. The Manufacturers Life Insurance Company raised its position in Civista Bancshares by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 212,328 shares of the bank’s stock valued at $4,434,000 after purchasing an additional 15,690 shares during the last quarter. State Street Corp bought a new position in Civista Bancshares in the 2nd quarter valued at $2,174,000. Cornerstone Capital Management Holdings LLC. bought a new position in Civista Bancshares in the 2nd quarter valued at $124,000. Finally, OxFORD Asset Management LLP raised its position in Civista Bancshares by 16.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 27,684 shares of the bank’s stock valued at $578,000 after purchasing an additional 3,915 shares during the last quarter. Hedge funds and other institutional investors own 42.33% of the company’s stock.

Civista Bancshares (NASDAQ:CIVB) opened at 21.00 on Friday. The stock has a 50 day moving average price of $20.08 and a 200 day moving average price of $20.94. The company has a market cap of $213.57 million, a PE ratio of 15.59 and a beta of 0.47. Civista Bancshares has a 1-year low of $13.91 and a 1-year high of $23.75.

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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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