Civista Bancshares Inc (NASDAQ:CIVB) – Investment analysts at DA Davidson issued their Q3 2020 EPS estimates for Civista Bancshares in a research report issued on Tuesday, July 28th. DA Davidson analyst R. Gunther forecasts that the bank will post earnings of $0.15 per share for the quarter. DA Davidson has a “Neutral” rating and a $14.00 price objective on the stock. DA Davidson also issued estimates for Civista Bancshares’ FY2020 earnings at $1.57 EPS and FY2021 earnings at $1.70 EPS.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, July 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Civista Bancshares had a return on equity of 9.16% and a net margin of 24.31%. The business had revenue of $28.93 million during the quarter, compared to analyst estimates of $27.55 million.

Several other brokerages have also issued reports on CIVB. BidaskClub upgraded Civista Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 10th. TheStreet lowered Civista Bancshares from a “b-” rating to a “c” rating in a research report on Monday, April 13th. Zacks Investment Research lowered Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Stephens initiated coverage on Civista Bancshares in a research report on Tuesday, July 7th. They set an “overweight” rating and a $19.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.75.

Shares of NASDAQ:CIVB opened at $13.13 on Friday. Civista Bancshares has a 1 year low of $11.62 and a 1 year high of $24.32. The business has a 50 day simple moving average of $14.49 and a two-hundred day simple moving average of $16.64. The firm has a market capitalization of $210.61 million, a PE ratio of 7.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Civista Bancshares by 29.1% in the first quarter. BNP Paribas Arbitrage SA now owns 4,722 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,063 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Civista Bancshares by 32.9% in the first quarter. Alliancebernstein L.P. now owns 149,258 shares of the bank’s stock valued at $2,233,000 after purchasing an additional 36,960 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Civista Bancshares by 315.6% in the first quarter. Meeder Asset Management Inc. now owns 6,355 shares of the bank’s stock valued at $95,000 after purchasing an additional 4,826 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Civista Bancshares by 32.3% in the first quarter. Nuveen Asset Management LLC now owns 112,816 shares of the bank’s stock valued at $1,688,000 after purchasing an additional 27,557 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Civista Bancshares by 12.6% in the first quarter. Geode Capital Management LLC now owns 223,339 shares of the bank’s stock valued at $3,341,000 after purchasing an additional 25,071 shares during the period. Hedge funds and other institutional investors own 53.51% of the company’s stock.

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

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