Civista Bancshares (CIVB) Scheduled to Post Earnings on Tuesday

Civista Bancshares (NASDAQ:CIVB) will post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Civista Bancshares to post earnings of $0.44 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. During the same period in the previous year, the business posted $0.64 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 Trading Down 1.0 %

NASDAQ CIVB opened at $17.84 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $280.80 million, a PE ratio of 8.34 and a beta of 0.80. Civista Bancshares has a one year low of $13.60 and a one year high of $19.00. The firm’s fifty day moving average is $17.38 and its two-hundred day moving average is $15.95.

Analysts Set New Price Targets

CIVB has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $19.00 price objective (up from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.25.

Insider Transactions at Civista Bancshares

In other news, Director Julie A. Mattlin purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $15.60 per share, for a total transaction of $31,200.00. Following the completion of the purchase, the director now directly owns 12,442 shares in the company, valued at $194,095.20. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.01% of the company’s stock.

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.