Civista Bancshares Inc (NASDAQ:CIVB) – Research analysts at Boenning Scattergood issued their Q1 2020 earnings per share estimates for shares of Civista Bancshares in a research note issued to investors on Tuesday, February 11th. Boenning Scattergood analyst S. Beury anticipates that the bank will earn $0.55 per share for the quarter. Boenning Scattergood has a “Outperform” rating and a $25.00 price target on the stock. Boenning Scattergood also issued estimates for Civista Bancshares’ Q2 2020 earnings at $0.48 EPS, Q3 2020 earnings at $0.48 EPS, Q4 2020 earnings at $0.50 EPS and FY2021 earnings at $2.10 EPS.
Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Civista Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, February 7th. Zacks Investment Research upgraded shares of Civista Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Finally, DA Davidson restated a “buy” rating on shares of Civista Bancshares in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Civista Bancshares presently has a consensus rating of “Hold” and a consensus target price of $25.00.
Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Friday, February 7th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $26.85 million for the quarter, compared to analysts’ expectations of $26.70 million. Civista Bancshares had a return on equity of 10.83% and a net margin of 28.12%.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Tuesday, January 21st were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.44 annualized dividend and a dividend yield of 1.99%. Civista Bancshares’s dividend payout ratio is presently 21.89%.
In other Civista Bancshares news, Director Harry Singer acquired 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $21.20 per share, for a total transaction of $25,440.00. Following the transaction, the director now directly owns 3,726 shares of the company’s stock, valued at $78,991.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.45% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CIVB. Bank of America Corp DE boosted its holdings in Civista Bancshares by 4.8% in the 4th quarter. Bank of America Corp DE now owns 10,916 shares of the bank’s stock worth $261,000 after acquiring an additional 497 shares during the period. Marshall Wace LLP purchased a new position in Civista Bancshares in the 4th quarter worth approximately $361,000. Bank of New York Mellon Corp boosted its holdings in Civista Bancshares by 37.1% in the 4th quarter. Bank of New York Mellon Corp now owns 107,095 shares of the bank’s stock worth $2,570,000 after acquiring an additional 29,001 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Civista Bancshares by 34.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 75,647 shares of the bank’s stock worth $1,815,000 after acquiring an additional 19,338 shares during the period. Finally, UBS Group AG boosted its holdings in Civista Bancshares by 33.8% in the 4th quarter. UBS Group AG now owns 29,038 shares of the bank’s stock worth $697,000 after acquiring an additional 7,338 shares during the period. Institutional investors and hedge funds own 56.42% of the company’s stock.
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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