Civista Bancshares (CIVB) Scheduled to Post Quarterly Earnings on Tuesday

Civista Bancshares (NASDAQ:CIVB - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Civista Bancshares to post earnings of $0.47 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The bank reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.06. The business had revenue of $38.88 million for the quarter, compared to analysts' expectations of $38.40 million. Civista Bancshares had a net margin of 19.85% and a return on equity of 12.26%. 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 Stock Down 0.7 %

CIVB traded down $0.10 during midday trading on Tuesday, reaching $15.14. The company's stock had a trading volume of 19,024 shares, compared to its average volume of 27,814. The firm has a market capitalization of $237.55 million, a price-to-earnings ratio of 5.53 and a beta of 0.78. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22. Civista Bancshares has a 1 year low of $13.99 and a 1 year high of $19.80. The stock's 50-day moving average is $14.95 and its 200-day moving average is $15.93.

Civista Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 13th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Monday, February 12th. Civista Bancshares's dividend payout ratio (DPR) is presently 23.36%.

Insider Activity at Civista Bancshares

In related news, SVP Michael D. Mulford bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $15.82 per share, for a total transaction of $31,640.00. Following the completion of the acquisition, the senior vice president now owns 2,000 shares of the company's stock, valued at approximately $31,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.01% of the stock is owned by insiders.

Analyst Ratings Changes

CIVB has been the topic of a number of recent research reports. Piper Sandler initiated coverage on shares of Civista Bancshares in a report on Wednesday, February 21st. They issued a "neutral" rating and a $18.00 price objective on the stock. Hovde Group assumed coverage on shares of Civista Bancshares in a report on Monday, April 1st. They set a "market perform" rating and a $16.00 price target on the stock. Stephens cut their price target on shares of Civista Bancshares from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Friday, February 9th. Finally, TheStreet cut shares of Civista Bancshares from a "b-" rating to a "c+" rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $17.67.

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.