Civista Bancshares (NASDAQ:CIVB) Issues Quarterly Earnings Results

Civista Bancshares (NASDAQ:CIVB) announced its quarterly earnings results on Monday. The bank reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05, Yahoo Finance reports. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.34%. The firm had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $36.57 million. During the same period in the previous year, the company earned $0.64 earnings per share.

Civista Bancshares Stock Down 1.1 %

Civista Bancshares stock traded down $0.20 during midday trading on Wednesday, hitting $17.95. 81,162 shares of the company were exchanged, compared to its average volume of 35,258. The company has a market cap of $282.35 million, a PE ratio of 7.79 and a beta of 0.82. Civista Bancshares has a fifty-two week low of $13.60 and a fifty-two week high of $19.00. The company’s fifty day moving average price is $15.29 and its 200-day moving average price is $15.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.97.

Civista Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.57%. Civista Bancshares’s dividend payout ratio (DPR) is currently 27.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Civista Bancshares presently has an average rating of “Hold” and an average price target of $18.00.

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.