Wall Street analysts expect Civista Bancshares, Inc. (NASDAQ: CIVB) to report $ 30.40 million in revenue for the current fiscal quarter, according to Zacks investment research. Two analysts have released earnings estimates for Civista Bancshares, with estimates ranging from $ 30.30 million to $ 30.50 million. Civista Bancshares posted sales of $ 31.20 million in the same quarter last year, suggesting a negative growth rate of 2.6% year-over-year. The company is expected to release its next quarterly results on Friday, February 4.
According to Zacks, analysts expect Civista Bancshares to report annual revenue of $ 125.80 million for the current fiscal year, with estimates ranging from $ 125.30 million to $ 126.30 million of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 120.10 million, with estimates ranging from $ 118.30 million to $ 121.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts who follow Civista Bancshares.
Civista Bancshares (NASDAQ: CIVB) last released its quarterly results on Tuesday, October 26. The bank announced EPS of $ 0.64 for the quarter, beating the consensus estimate of $ 0.62 of $ 0.02 by Thomson Reuters. The company posted revenue of $ 30.86 million for the quarter, compared to a consensus estimate of $ 30.90 million. Civista Bancshares recorded a return on equity of 11.35% and a net margin of 29.43%. In the same quarter of last year, the company posted EPS of $ 0.48.
Separately, Zacks investment research reduced Civista Bancshares from a “buy” note to a “conservation” note in a report released on Thursday, November 4.
Several institutional investors have recently changed their positions in the company. Bank of New York Mellon Corp increased its stake in Civista Bancshares by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 84,947 shares of the bank valued at $ 1,973,000 after purchasing an additional 2,460 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Civista Bancshares by 102.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,957 bank shares valued at $ 92,000 after acquiring an additional 2,003 shares during the period. UBS Group AG increased its stake in Civista Bancshares by 55.8% in the 3rd quarter. UBS Group AG now owns 7,991 shares of the bank valued at $ 186,000 after acquiring an additional 2,862 shares during the period. Metropolitan Life Insurance Co NY increased its stake in Civista Bancshares by 71.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,004 shares of the bank valued at $ 93,000 after acquiring an additional 1,663 shares during the period. Finally, Millennium Management LLC increased its stake in Civista Bancshares by 145.0% in the 3rd quarter. Millennium Management LLC now owns 47,205 shares of the bank valued at $ 1,097,000 after acquiring an additional 27,937 shares during the period. Institutional investors hold 53.89% of the company’s shares.
Actions of Civista Bancshares shares open for $ 24.57 Monday. The company’s fifty-day simple moving average is $ 24.63. The company has a market cap of $ 369.19 million, a P / E ratio of 9.64 and a beta of 0.93. The company has a leverage ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.90. Civista Bancshares has a 12-month low of $ 16.46 and a 12-month high of $ 25.94.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 1. Shareholders of record on Tuesday, October 19, received a dividend of $ 0.14 per share. This represents a dividend of $ 0.56 on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Monday October 18. Civista Bancshares’ dividend payout ratio is currently 21.96%.
Civista Bancshares Company Profile
Civista Bancshares, Inc. is a financial holding company, which engages in community banking activities. It provides financial services through its offices in Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The Company’s primary deposit products are chequing, savings and term accounts, and its lending products are residential, commercial and installment mortgages.
Recommended story: what is a CD ladder?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Civista Bancshares now?
Before you consider Civista Bancshares, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Civista Bancshares was not on the list.
While Civista Bancshares currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here