Equities analysts expect Civista Bancshares, Inc. (NASDAQ:CIVB) to post earnings of $0.30 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Civista Bancshares’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.29. Civista Bancshares posted earnings per share of $0.34 in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.8%. The firm is scheduled to issue its next quarterly earnings report on Friday, October 20th.

On average, analysts expect that Civista Bancshares will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.28. For the next year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.35 to $1.38. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $17.47 million for the quarter, compared to analyst estimates of $17.70 million. Civista Bancshares had a net margin of 21.97% and a return on equity of 11.19%.

A number of research firms have recently commented on CIVB. Boenning Scattergood set a $24.00 price target on shares of Civista Bancshares and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. DA Davidson reissued a “neutral” rating and issued a $24.50 price target on shares of Civista Bancshares in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $24.00 price target on shares of Civista Bancshares in a research report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Civista Bancshares has a consensus rating of “Hold” and a consensus price target of $22.65.

Civista Bancshares (NASDAQ:CIVB) remained flat at $21.00 during midday trading on Friday. 7,519 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $20.08 and its 200-day moving average price is $20.94. The firm has a market capitalization of $213.57 million, a price-to-earnings ratio of 15.59 and a beta of 0.47. Civista Bancshares has a 12 month low of $13.91 and a 12 month high of $23.75.

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Large investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP bought a new position in shares of Civista Bancshares in the first quarter valued at approximately $110,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Civista Bancshares in the second quarter valued at approximately $124,000. JPMorgan Chase & Co. raised its position in shares of Civista Bancshares by 272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock valued at $209,000 after purchasing an additional 7,315 shares during the period. Keybank National Association OH bought a new position in shares of Civista Bancshares in the first quarter valued at approximately $211,000. Finally, Rhumbline Advisers bought a new position in shares of Civista Bancshares in the second quarter valued at approximately $216,000. 42.33% of the stock is currently owned by institutional investors.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

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