Analysts forecast that Civista Bancshares Inc (NASDAQ:CIVB) will report $23.96 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Civista Bancshares’ earnings. The highest sales estimate is $24.10 million and the lowest is $23.82 million. Civista Bancshares posted sales of $18.19 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.7%. The business is expected to report its next quarterly earnings report on Friday, January 25th.

According to Zacks, analysts expect that Civista Bancshares will report full year sales of $82.64 million for the current financial year, with estimates ranging from $82.48 million to $82.80 million. For the next year, analysts anticipate that the firm will post sales of $102.60 million, with estimates ranging from $101.50 million to $103.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Civista Bancshares.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Friday, November 2nd. The bank reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Civista Bancshares had a return on equity of 12.69% and a net margin of 12.75%. The firm had revenue of $19.11 million for the quarter, compared to analyst estimates of $22.16 million.

CIVB has been the topic of a number of research analyst reports. BidaskClub lowered Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, August 24th. Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research report on Wednesday, September 19th. Boenning Scattergood reissued a “buy” rating on shares of Civista Bancshares in a research report on Monday, July 30th. Finally, Zacks Investment Research lowered Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.50.

A number of institutional investors have recently made changes to their positions in CIVB. Huntington National Bank bought a new position in Civista Bancshares in the third quarter valued at approximately $122,000. MetLife Investment Advisors LLC bought a new position in shares of Civista Bancshares during the 2nd quarter worth approximately $127,000. Macquarie Group Ltd. boosted its stake in shares of Civista Bancshares by 544.0% during the 2nd quarter. Macquarie Group Ltd. now owns 8,050 shares of the bank’s stock worth $195,000 after acquiring an additional 6,800 shares during the period. American International Group Inc. boosted its stake in shares of Civista Bancshares by 39.5% during the 3rd quarter. American International Group Inc. now owns 9,134 shares of the bank’s stock worth $220,000 after acquiring an additional 2,584 shares during the period. Finally, Rhumbline Advisers bought a new position in shares of Civista Bancshares during the 2nd quarter worth approximately $239,000. 57.18% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CIVB traded down $0.30 during mid-day trading on Wednesday, hitting $20.95. The company had a trading volume of 33,228 shares, compared to its average volume of 46,988. The firm has a market capitalization of $230.50 million, a price-to-earnings ratio of 15.75, a PEG ratio of 1.96 and a beta of 0.53. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05. Civista Bancshares has a fifty-two week low of $20.46 and a fifty-two week high of $25.88.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Tuesday, October 23rd were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, October 22nd. Civista Bancshares’s dividend payout ratio is presently 27.07%.

Civista Bancshares Company Profile

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.

Featured Article: Why investors pay attention to retained earnings

Get a free copy of the Zacks research report on Civista Bancshares (CIVB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Civista Bancshares (NASDAQ:CIVB)

Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.