Civista Bancshares (CIVB) to Release Quarterly Earnings on Thursday

Civista Bancshares (NASDAQ:CIVB) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Civista Bancshares to post earnings of $0.53 per share and revenue of $39,976.60 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. The company had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $37.60 million. During the same quarter last year, the company posted $0.66 EPS. On average, analysts expect Civista Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Civista Bancshares Stock Up 1.8 %

Shares of CIVB opened at $21.62 on Tuesday. The firm has a market cap of $340.30 million, a P/E ratio of 10.76 and a beta of 0.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares has a 52 week low of $13.60 and a 52 week high of $23.69. The firm’s 50-day simple moving average is $21.56 and its 200 day simple moving average is $19.18.

Civista Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be given a $0.17 dividend. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, February 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.15%. Civista Bancshares’s dividend payout ratio is presently 31.84%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CIVB. Stephens boosted their price target on Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Hovde Group upgraded shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Civista Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.