Brokers expect Civista Bancshares, Inc. (NASDAQ:CIVB) to report earnings of $0.60 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Civista Bancshares earnings. The lowest EPS estimate is $0.58 and the highest is $0.61. Civista Bancshares posted earnings of $0.64 per share for the same quarter last year, indicating a negative growth rate of 6.3% year over year. The company is expected to release its next quarterly results on Friday, February 4th.
On average, analysts expect Civista Bancshares to report full-year earnings per share for the current fiscal year of $2.58, with EPS estimates ranging from $2.51 to $2.70. For the next year, analysts expect the company to report earnings of $2.21 per share, with EPS estimates ranging from $2.12 to $2.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts covering Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB) last released its quarterly results on Tuesday, October 26th. The bank reported earnings per share (EPS) of $0.64 for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.02. The company had revenue of $30.86 million for the quarter, compared to analysts’ expectations of $30.90 million. Civista Bancshares had a net margin of 29.43% and a return on equity of 11.35%. In the same quarter last year, the company posted earnings per share of $0.48.
Several analysts recently rated CIVB stock. Zacks Investment Research downgraded shares of Civista Bancshares from a “hold” rating to a “sell” rating in a report Monday, January 3rd. DA Davidson reaffirmed a “buy” rating on shares of Civista Bancshares in a report on Wednesday.
NASDAQ:CIVB was up $0.23 on Friday midday to hit $25.03. The stock had a trading volume of 34,568 shares compared to an average volume of 42,817. The stock has a 50-day simple moving average of $24.61 and a two-hundred-day simple moving average of $23.73. The company has a market cap of $376.10 million, a P/E of 9.82 and a beta of 0.93. Civista Bancshares has a 12-month low of $16.46 and a 12-month high of $25.94. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt to equity ratio of 0.30.
A number of institutional investors have recently changed their positions in the business. Bank of New York Mellon Corp increased its stake in Civista Bancshares by 3.0% in the third quarter. The Bank of New York Mellon Corp now owns 84,947 shares of the bank worth $1,973,000 after buying another 2,460 shares last quarter. BNP Paribas Arbitrage SA increased its stake in Civista Bancshares by 102.5% in the third quarter. BNP Paribas Arbitrage SA now owns 3,957 shares of the bank, valued at $92,000, after buying another 2,003 shares last quarter. UBS Group AG increased its position in Civista Bancshares shares by 55.8% in the third quarter. UBS Group AG now owns 7,991 shares of the bank, valued at $186,000, after purchasing an additional 2,862 shares last quarter. Metropolitan Life Insurance Co NY increased its position in Civista Bancshares shares by 71.0% in the third quarter. Metropolitan Life Insurance Co NY now owns 4,004 shares of the bank, valued at $93,000, after purchasing an additional 1,663 shares last quarter. Finally, Millennium Management LLC increased its position in shares of Civista Bancshares by 145.0% during the third quarter. Millennium Management LLC now owns 47,205 shares of the bank, valued at $1,097,000, after purchasing an additional 27,937 shares last quarter. Institutional investors own 52.44% of the company’s shares.
About Civista Bancshares
Civista Bancshares, Inc is a financial holding company engaged in the community banking business. It provides financial services through its offices in Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland counties in Ohio. The Company’s primary deposit products are checking, savings and futures certificate accounts and its lending products are mortgage, commercial and residential installment loans.
Further reading: 52-week highs and lows
Get a Free Copy of Zacks Research Report on Civista Bancshares (CIVB)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should You Invest $1,000 in Civista Bancshares Now?
Hear this before you consider Civista Bancshares.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Civista Bancshares wasn’t on the list.
While Civista Bancshares is currently rated a Buy by analysts, top analysts believe these five stocks are better buys.
Check out the 5 stocks here