Q4 Earnings Estimate for CIVB Issued By DA Davidson

Civista Bancshares, Inc. (NASDAQ:CIVB) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Civista Bancshares in a report released on Friday, November 1st. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $0.54 per share for the quarter. The consensus estimate for Civista Bancshares’ current full-year earnings is $1.80 per share.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $62.43 million for the quarter, compared to the consensus estimate of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.46%. During the same period last year, the firm earned $0.66 earnings per share.

Other research analysts also recently issued research reports about the stock. Stephens lifted their price objective on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of Civista Bancshares in a research report on Tuesday, July 30th. Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, October 30th. Finally, Piper Sandler upped their target price on Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Civista Bancshares has a consensus rating of “Moderate Buy” and an average price target of $20.25.

Civista Bancshares Price Performance

CIVB opened at $20.36 on Monday. The firm has a market capitalization of $320.47 million, a PE ratio of 10.13 and a beta of 0.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50-day moving average is $17.76 and its two-hundred day moving average is $16.19. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $20.93.

Civista Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.64 dividend on an annualized basis and a yield of 3.14%. Civista Bancshares’s dividend payout ratio is currently 31.84%.

Insider Buying and Selling at Civista Bancshares

In other Civista Bancshares news, Director Julie A. Mattlin purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $15.60 per share, for a total transaction of $31,200.00. Following the acquisition, the director now owns 12,442 shares in the company, valued at $194,095.20. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.01% of the company’s stock.

Institutional Investors Weigh In On Civista Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIVB. EntryPoint Capital LLC acquired a new stake in Civista Bancshares during the first quarter worth about $63,000. SG Americas Securities LLC acquired a new stake in shares of Civista Bancshares during the 3rd quarter worth approximately $102,000. Princeton Capital Management LLC purchased a new position in shares of Civista Bancshares during the 2nd quarter valued at approximately $189,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Civista Bancshares by 10,347.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock valued at $197,000 after purchasing an additional 12,624 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Civista Bancshares by 4.4% during the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock worth $248,000 after buying an additional 589 shares in the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.

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.