Wall Street brokerages forecast that Civista Bancshares Inc (NASDAQ:CIVB) will report sales of $26.62 million for the current quarter, according to Zacks. Two analysts have provided estimates for Civista Bancshares’ earnings, with estimates ranging from $26.54 million to $26.70 million. Civista Bancshares reported sales of $19.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 38.9%. The firm is expected to report its next quarterly earnings results on Friday, July 26th.
According to Zacks, analysts expect that Civista Bancshares will report full-year sales of $107.71 million for the current year, with estimates ranging from $107.31 million to $108.10 million. For the next financial year, analysts anticipate that the company will post sales of $113.14 million, with estimates ranging from $112.98 million to $113.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Civista Bancshares.
Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Friday, May 3rd. The bank reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Civista Bancshares had a net margin of 16.63% and a return on equity of 11.29%. The business had revenue of $28.00 million during the quarter, compared to the consensus estimate of $27.22 million.
In related news, insider W Michael Mclaughlin sold 11,000 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $21.11, for a total transaction of $232,210.00. Following the sale, the insider now directly owns 12,287 shares of the company’s stock, valued at approximately $259,378.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.45% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CIVB. Macquarie Group Ltd. lifted its stake in shares of Civista Bancshares by 474.4% in the 4th quarter. Macquarie Group Ltd. now owns 1,413 shares of the bank’s stock worth $25,000 after purchasing an additional 1,167 shares during the period. Legal & General Group Plc grew its holdings in Civista Bancshares by 44.4% during the 3rd quarter. Legal & General Group Plc now owns 2,081 shares of the bank’s stock valued at $50,000 after buying an additional 640 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Civista Bancshares by 893.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,952 shares of the bank’s stock valued at $64,000 after purchasing an additional 2,655 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Civista Bancshares by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,896 shares of the bank’s stock valued at $85,000 after purchasing an additional 3,824 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of Civista Bancshares by 57.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 5,724 shares of the bank’s stock valued at $100,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 51.91% of the company’s stock.
Shares of NASDAQ:CIVB traded up $0.39 on Thursday, hitting $22.70. 2,315 shares of the company were exchanged, compared to its average volume of 35,952. Civista Bancshares has a 1-year low of $15.55 and a 1-year high of $25.88. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $346.23 million, a P/E ratio of 12.35, a PEG ratio of 1.40 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 23rd were issued a $0.11 dividend. The ex-dividend date was Monday, April 22nd. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 1.94%. Civista Bancshares’s dividend payout ratio is 23.78%.
About Civista Bancshares
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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