Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) – Analysts at DA Davidson issued their Q3 2024 earnings estimates for Civista Bancshares in a research report issued on Wednesday, July 31st. DA Davidson analyst M. Navas anticipates that the bank will post earnings of $0.44 per share for the quarter. The consensus estimate for Civista Bancshares’ current full-year earnings is $1.78 per share. DA Davidson also issued estimates for Civista Bancshares’ FY2025 earnings at $1.85 EPS.
Civista Bancshares (NASDAQ:CIVB – Get Free Report) last posted its earnings results on Monday, July 29th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.34%. The business had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $36.57 million. During the same period in the previous year, the company posted $0.64 earnings per share.
Read Our Latest Stock Report on Civista Bancshares
Civista Bancshares Trading Down 3.4 %
NASDAQ CIVB opened at $16.30 on Thursday. 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 company’s fifty day simple moving average is $15.41 and its 200-day simple moving average is $15.34. The stock has a market cap of $256.40 million, a P/E ratio of 7.00 and a beta of 0.82. Civista Bancshares has a 52 week low of $13.60 and a 52 week high of $19.00.
Institutional Trading of Civista Bancshares
Several institutional investors have recently added to or reduced their stakes in CIVB. SG Americas Securities LLC increased its stake in Civista Bancshares by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock valued at $156,000 after purchasing an additional 1,736 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Civista Bancshares by 60.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,890 shares of the bank’s stock valued at $643,000 after purchasing an additional 13,115 shares during the last quarter. Victory Capital Management Inc. increased its stake in Civista Bancshares by 9.7% during the fourth quarter. Victory Capital Management Inc. now owns 47,700 shares of the bank’s stock valued at $880,000 after purchasing an additional 4,212 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Civista Bancshares by 41.1% during the fourth quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after purchasing an additional 5,440 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Civista Bancshares during the fourth quarter valued at $109,000. Institutional investors own 52.10% of the company’s stock.
Civista Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.64 annualized dividend and a yield of 3.93%. Civista Bancshares’s payout ratio is 27.47%.
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.
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