Brokerages predict that Civista Bancshares, Inc. (NASDAQ:CIVB) will announce sales of $17.71 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Civista Bancshares’ earnings, with estimates ranging from $17.62 million to $17.80 million. Civista Bancshares reported sales of $15.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.8%. The business is scheduled to issue its next earnings results on Friday, January 26th.

According to Zacks, analysts expect that Civista Bancshares will report full-year sales of $17.71 million for the current financial year, with estimates ranging from $70.27 million to $70.50 million. For the next fiscal year, analysts expect that the company will post sales of $76.34 million per share, with estimates ranging from $76.10 million to $76.58 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Civista Bancshares had a net margin of 21.56% and a return on equity of 10.32%. The firm had revenue of $17.15 million for the quarter, compared to analysts’ expectations of $17.60 million.

A number of research firms have issued reports on CIVB. ValuEngine lowered Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research lowered Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Sandler O’Neill reaffirmed a “buy” rating and issued a $25.00 price target (up previously from $23.50) on shares of Civista Bancshares in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $24.00 price target on shares of Civista Bancshares in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $24.38.

A number of large investors have recently added to or reduced their stakes in the stock. Castine Capital Management LLC grew its stake in shares of Civista Bancshares by 45.8% in the 3rd quarter. Castine Capital Management LLC now owns 334,843 shares of the bank’s stock valued at $7,480,000 after purchasing an additional 105,228 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Civista Bancshares by 459.9% in the 3rd quarter. Wells Fargo & Company MN now owns 40,162 shares of the bank’s stock valued at $896,000 after purchasing an additional 32,989 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Civista Bancshares by 43.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 102,387 shares of the bank’s stock valued at $2,288,000 after purchasing an additional 31,023 shares during the last quarter. Context BH Capital Management LP grew its stake in shares of Civista Bancshares by 9.7% in the 3rd quarter. Context BH Capital Management LP now owns 57,380 shares of the bank’s stock valued at $1,282,000 after purchasing an additional 5,062 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Civista Bancshares in the third quarter valued at approximately $1,492,000. Hedge funds and other institutional investors own 43.92% of the company’s stock.

Shares of Civista Bancshares (NASDAQ CIVB) opened at $22.13 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $225.08, a PE ratio of 17.26, a price-to-earnings-growth ratio of 2.23 and a beta of 0.55. Civista Bancshares has a 12-month low of $17.56 and a 12-month high of $23.76.

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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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Earnings History and Estimates for Civista Bancshares (NASDAQ:CIVB)

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