Civista Bancshares (NASDAQ:CIVB) Posts Earnings Results, Beats Estimates By $0.10 EPS

Civista Bancshares (NASDAQ:CIVB) announced its earnings results on Thursday. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10, Zacks reports. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%.

Civista Bancshares Trading Down 0.6 %

Shares of NASDAQ:CIVB opened at $21.39 on Friday. The business’s 50 day moving average price is $21.52 and its 200-day moving average price is $19.28. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $23.69. The firm has a market capitalization of $336.68 million, a price-to-earnings ratio of 10.64 and a beta of 0.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95.

Civista Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be issued a $0.17 dividend. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.18%. Civista Bancshares’s dividend payout ratio is presently 31.84%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CIVB shares. Keefe, Bruyette & Woods upped their price target on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Hovde Group upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, October 30th. Finally, Stephens increased their price target on Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.