Equities Analysts Offer Predictions for CIVB Q4 Earnings

Civista Bancshares, Inc. (NASDAQ:CIVB) – Equities researchers at DA Davidson issued their Q4 2024 earnings estimates for Civista Bancshares in a report released on Friday, November 1st. DA Davidson analyst M. Navas expects that the bank will earn $0.54 per share for the quarter. The consensus estimate for Civista Bancshares’ current full-year earnings is $1.80 per share.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $62.43 million during the quarter, compared to the consensus estimate of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.46%. During the same quarter in the prior year, the firm earned $0.66 EPS.

Other research analysts have also issued research reports about the company. Piper Sandler lifted their price target on Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Hovde Group raised shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Wednesday, October 30th. 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 research note on Tuesday, July 30th. Finally, Stephens lifted their price target on shares of Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Civista Bancshares Stock Performance

Shares of Civista Bancshares stock opened at $20.36 on Monday. The business’s 50 day moving average price is $17.76 and its 200 day moving average price is $16.19. The company has a market cap of $320.47 million, a price-to-earnings ratio of 10.13 and a beta of 0.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.01 and a current ratio of 1.01. Civista Bancshares has a one year low of $13.60 and a one year high of $20.93.

Civista Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.64 annualized dividend and a yield of 3.14%. Civista Bancshares’s dividend payout ratio (DPR) is presently 31.84%.

Insider Buying and Selling at Civista Bancshares

In other news, Director Julie A. Mattlin purchased 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $15.60 per share, for a total transaction of $31,200.00. Following the completion of the transaction, the director now directly owns 12,442 shares in the company, valued at approximately $194,095.20. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its holdings in Civista Bancshares by 130.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank’s stock worth $1,131,000 after buying an additional 35,968 shares in the last quarter. Empowered Funds LLC boosted its holdings in Civista Bancshares by 8.1% in the first quarter. Empowered Funds LLC now owns 44,169 shares of the bank’s stock valued at $679,000 after purchasing an additional 3,325 shares during the period. Vanguard Group Inc. grew its stake in Civista Bancshares by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 812,806 shares of the bank’s stock worth $12,501,000 after purchasing an additional 8,797 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Civista Bancshares by 30.9% during the 2nd quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock worth $318,000 after purchasing an additional 4,985 shares during the period. Finally, Inspire Investing LLC purchased a new stake in Civista Bancshares during the 3rd quarter worth about $926,000. Hedge funds and other institutional investors 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.