Equities research analysts forecast that Civista Bancshares, Inc. (NASDAQ:CIVB) will announce earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Civista Bancshares’ earnings. The lowest EPS estimate is $0.29 and the highest is $0.30. Civista Bancshares posted earnings of $0.33 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The firm is expected to report its next earnings report on Friday, October 27th.

According to Zacks, analysts expect that Civista Bancshares will report full-year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.28. For the next financial year, analysts forecast that the firm will report earnings of $1.37 per share, with EPS estimates ranging from $1.35 to $1.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Civista Bancshares had a return on equity of 11.19% and a net margin of 21.97%. The business had revenue of $17.15 million for the quarter, compared to analysts’ expectations of $17.60 million.

CIVB has been the topic of a number of recent analyst reports. Sandler O’Neill reiterated a “buy” rating and issued a $25.00 target price (up previously from $23.50) on shares of Civista Bancshares in a research note on Friday, October 6th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $24.00 price target on shares of Civista Bancshares in a research report on Wednesday, October 4th. Zacks Investment Research raised Civista Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Boenning Scattergood set a $24.00 price target on Civista Bancshares and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, DA Davidson reissued a “neutral” rating and set a $24.50 price target on shares of Civista Bancshares in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $24.38.

Several large investors have recently made changes to their positions in CIVB. Bank of New York Mellon Corp purchased a new position in Civista Bancshares during the first quarter valued at approximately $267,000. Wellington Management Group LLP purchased a new position in Civista Bancshares during the first quarter valued at approximately $6,596,000. Vanguard Group Inc. raised its position in Civista Bancshares by 115.4% during the first quarter. Vanguard Group Inc. now owns 285,239 shares of the bank’s stock valued at $6,321,000 after acquiring an additional 152,800 shares in the last quarter. Geode Capital Management LLC raised its position in Civista Bancshares by 35.7% during the first quarter. Geode Capital Management LLC now owns 44,830 shares of the bank’s stock valued at $993,000 after acquiring an additional 11,804 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Civista Bancshares by 74.3% during the first quarter. Dimensional Fund Advisors LP now owns 27,657 shares of the bank’s stock valued at $613,000 after acquiring an additional 11,786 shares in the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.

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Civista Bancshares (NASDAQ CIVB) opened at 22.20 on Monday. The stock has a 50 day moving average of $22.05 and a 200 day moving average of $21.03. Civista Bancshares has a one year low of $14.26 and a one year high of $23.75. The company has a market cap of $225.77 million, a PE ratio of 16.48 and a beta of 0.51.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 17th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.26%. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, October 16th. Civista Bancshares’s dividend payout ratio (DPR) is presently 21.37%.

Civista Bancshares Company Profile

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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