Civista Bancshares, Inc. (NASDAQ:CIVB) – Investment analysts at DA Davidson increased their Q4 2017 earnings per share (EPS) estimates for shares of Civista Bancshares in a research report issued to clients and investors on Tuesday. DA Davidson analyst K. Reevey now expects that the bank will earn $0.30 per share for the quarter, up from their prior estimate of $0.29. DA Davidson also issued estimates for Civista Bancshares’ Q1 2018 earnings at $0.34 EPS.
Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $17.15 million for the quarter, compared to the consensus estimate of $17.60 million. Civista Bancshares had a net margin of 21.56% and a return on equity of 10.66%. ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/02/q4-2017-earnings-estimate-for-civista-bancshares-inc-issued-by-da-davidson-civb.html.
Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday. Sandler O’Neill restated a “buy” rating and set a $25.00 target price (up previously from $23.50) on shares of Civista Bancshares in a research report on Friday, October 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $24.00 target price on shares of Civista Bancshares in a research report on Wednesday, October 4th. Finally, Boenning Scattergood set a $24.00 target price on Civista Bancshares and gave the company a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.38.
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Civista Bancshares by 33.0% during the second quarter. Vanguard Group Inc. now owns 379,286 shares of the bank’s stock valued at $7,920,000 after buying an additional 94,047 shares during the period. Wellington Management Group LLP purchased a new position in shares of Civista Bancshares during the first quarter valued at approximately $6,596,000. The Manufacturers Life Insurance Company boosted its position in shares of Civista Bancshares by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 212,328 shares of the bank’s stock valued at $4,434,000 after buying an additional 15,690 shares during the period. Renaissance Technologies LLC boosted its position in shares of Civista Bancshares by 6.8% during the first quarter. Renaissance Technologies LLC now owns 209,300 shares of the bank’s stock valued at $4,638,000 after buying an additional 13,300 shares during the period. Finally, Kennedy Capital Management Inc. boosted its position in shares of Civista Bancshares by 30.6% during the second quarter. Kennedy Capital Management Inc. now owns 118,160 shares of the bank’s stock valued at $2,467,000 after buying an additional 27,716 shares during the period. Institutional investors and hedge funds own 41.61% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 17th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, October 16th. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.06. Civista Bancshares’s payout ratio is 21.37%.
Civista Bancshares Company Profile
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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