What is DA Davidson's Estimate for CIVB FY2025 Earnings?

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Stock analysts at DA Davidson raised their FY2025 EPS estimates for shares of Civista Bancshares in a report released on Tuesday, April 29th. DA Davidson analyst M. Navas now anticipates that the bank will earn $2.80 per share for the year, up from their prior forecast of $2.45. The consensus estimate for Civista Bancshares' current full-year earnings is $2.28 per share.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.16. The firm had revenue of $40.63 million for the quarter, compared to analyst estimates of $40.33 million. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%.

A number of other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Stephens lifted their target price on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Piper Sandler increased their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, StockNews.com raised Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Civista Bancshares currently has an average rating of "Moderate Buy" and a consensus price target of $25.20.

Civista Bancshares Stock Performance

Shares of CIVB stock traded up $0.63 during midday trading on Thursday, hitting $23.00. The company had a trading volume of 38,771 shares, compared to its average volume of 48,291. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $23.70. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The company's 50 day simple moving average is $19.95 and its 200 day simple moving average is $20.78. The stock has a market cap of $356.02 million, a price-to-earnings ratio of 11.39 and a beta of 0.69.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 29th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.96%. Civista Bancshares's dividend payout ratio is presently 29.96%.

Insider Activity at Civista Bancshares

In other news, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of Civista Bancshares stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average cost of $22.44 per share, with a total value of $137,848.92. Following the completion of the acquisition, the chairman now owns 19,162 shares in the company, valued at $429,995.28. This trade represents a 47.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC increased its holdings in Civista Bancshares by 43.7% during the 1st quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after acquiring an additional 938 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Civista Bancshares by 4,003.0% during the 1st quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock worth $80,000 after purchasing an additional 4,003 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Civista Bancshares by 103.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock worth $108,000 after purchasing an additional 2,609 shares during the last quarter. SG Americas Securities LLC lifted its stake in Civista Bancshares by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank's stock valued at $139,000 after buying an additional 892 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Civista Bancshares by 77.0% during the 4th quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock valued at $162,000 after buying an additional 3,347 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company's stock.

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.