Civista Bancshares Inc (CIVB) Expected to Announce Quarterly Sales of $23.96 Million
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.
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.
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