Civista Bancshares (CIVB) Projected to Post Earnings on Thursday

Civista Bancshares (NASDAQ:CIVB) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect Civista Bancshares to post earnings of $0.53 per share and revenue of $39.79 million 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 issued its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $62.43 million during the quarter, compared to the consensus estimate of $37.60 million. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. During the same quarter in the prior year, the business earned $0.66 earnings per share. 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 Performance

Civista Bancshares stock opened at $21.46 on Wednesday. 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 one year low of $13.60 and a one year high of $23.69. The stock’s 50 day moving average price is $21.55 and its 200 day moving average price is $19.22. The firm has a market capitalization of $337.78 million, a PE ratio of 10.68 and a beta of 0.82.

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 paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.17%. Civista Bancshares’s dividend payout ratio is 31.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens boosted their price objective on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Hovde Group upgraded 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. Finally, Keefe, Bruyette & Woods raised their price objective on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.75.

About Civista Bancshares

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.