Civista Bancshares (CIVB) Projected to Post Earnings on Thursday

Civista Bancshares (NASDAQ:CIVB) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Civista Bancshares to post earnings of $0.50 per share and revenue of $40.33 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Thursday, January 30th. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. On average, analysts expect Civista Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $19.49 on Thursday. The company has a 50-day moving average of $19.93 and a two-hundred day moving average of $20.46. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares has a 1-year low of $13.60 and a 1-year high of $23.70. The firm has a market cap of $301.69 million, a PE ratio of 9.65 and a beta of 0.67.

Civista Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 29th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.49%. Civista Bancshares’s dividend payout ratio is currently 33.66%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CIVB. DA Davidson set a $27.00 price objective on shares of Civista Bancshares in a research note on Friday, January 31st. StockNews.com raised Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Finally, Stephens restated an “equal weight” rating and issued a $24.00 target price on shares of Civista Bancshares in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

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.