Q4 EPS Estimates for Civista Bancshares Cut by DA Davidson

Civista Bancshares, Inc. (NASDAQ:CIVB) – DA Davidson dropped their Q4 2024 earnings per share (EPS) estimates for Civista Bancshares in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $0.53 for the quarter, down from their previous estimate of $0.54. The consensus estimate for Civista Bancshares’ current full-year earnings is $1.91 per share.

CIVB has been the topic of a number of other reports. Keefe, Bruyette & Woods lifted their price objective on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Stephens boosted their target price on Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Hovde Group upgraded shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.75.

Civista Bancshares Stock Up 2.7 %

CIVB opened at $21.33 on Friday. The business has a 50 day moving average price of $21.29 and a 200 day moving average price of $18.04. The firm has a market cap of $335.67 million, a P/E ratio of 10.61 and a beta of 0.81. 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 twelve month low of $13.60 and a twelve month high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data 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 firm had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $37.60 million. During the same period in the prior year, the company posted $0.66 earnings per share.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in Civista Bancshares by 40.7% during the third quarter. Barclays PLC now owns 51,521 shares of the bank’s stock valued at $917,000 after acquiring an additional 14,909 shares during the last quarter. Geode Capital Management LLC raised its holdings in Civista Bancshares by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 348,352 shares of the bank’s stock worth $6,208,000 after purchasing an additional 9,501 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Civista Bancshares during the 3rd quarter worth approximately $45,000. Jane Street Group LLC lifted its position in Civista Bancshares by 24.2% during the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock valued at $360,000 after acquiring an additional 3,934 shares during the period. Finally, State Street Corp boosted its holdings in Civista Bancshares by 1.1% in the third quarter. State Street Corp now owns 298,557 shares of the bank’s stock worth $5,320,000 after acquiring an additional 3,112 shares in the last quarter. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, November 5th. Civista Bancshares’s payout ratio is currently 31.84%.

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.