Civista Bancshares (NASDAQ:CIVB) Announces Earnings Results

Civista Bancshares (NASDAQ:CIVB) released its earnings results on Monday. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05, Yahoo Finance reports. Civista Bancshares had a return on equity of 10.23% and a net margin of 16.38%. The company had revenue of $61.14 million for the quarter, compared to the consensus estimate of $36.57 million. During the same quarter last year, the business posted $0.64 EPS.

Civista Bancshares Stock Performance

CIVB traded up $0.41 during trading hours on Tuesday, hitting $17.86. The company’s stock had a trading volume of 814 shares, compared to its average volume of 34,598. Civista Bancshares has a fifty-two week low of $13.60 and a fifty-two week high of $19.00. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $280.94 million, a PE ratio of 7.49 and a beta of 0.82. The company has a 50-day simple moving average of $15.22 and a 200 day simple moving average of $15.30.

Civista Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, August 6th. Civista Bancshares’s dividend payout ratio is currently 27.47%.

Analysts Set New Price Targets

A number of research firms have commented on CIVB. Hovde Group began coverage on Civista Bancshares in a report on Monday, April 1st. They set a “market perform” rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.00.

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.