Civista Bancshares, Inc. Forecasted to Earn FY2022 Earnings of $2.24 Per Share (NASDAQ:CIVB)

Civista Bancshares, Inc. (NASDAQ:CIVB) – Investment analysts at Boenning Scattergood raised their FY2022 earnings estimates for Civista Bancshares in a research report issued on Wednesday, January 12th. Boenning Scattergood analyst D. Cardenas now expects that the bank will earn $2.24 per share for the year, up from their prior forecast of $2.21. Boenning Scattergood also issued estimates for Civista Bancshares’ FY2023 earnings at $2.55 EPS.

A number of other equities research analysts have also recently commented on CIVB. DA Davidson reiterated a “buy” rating on shares of Civista Bancshares in a research report on Wednesday. Zacks Investment Research cut shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, January 3rd.

Shares of NASDAQ CIVB opened at $25.03 on Thursday. The firm has a 50-day simple moving average of $24.61 and a 200-day simple moving average of $23.73. The stock has a market capitalization of $376.10 million, a price-to-earnings ratio of 9.82 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.30. Civista Bancshares has a 52 week low of $16.46 and a 52 week high of $25.94.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Tuesday, October 26th. The bank reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The business had revenue of $30.86 million during the quarter, compared to analysts’ expectations of $30.90 million. Civista Bancshares had a net margin of 29.43% and a return on equity of 11.35%. During the same period in the prior year, the business earned $0.48 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in CIVB. Citigroup Inc. increased its position in Civista Bancshares by 144.9% during the third quarter. Citigroup Inc. now owns 1,812 shares of the bank’s stock worth $42,000 after purchasing an additional 1,072 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Civista Bancshares by 73.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank’s stock worth $43,000 after purchasing an additional 783 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in Civista Bancshares by 46,720.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 2,341 shares of the bank’s stock worth $52,000 after purchasing an additional 2,336 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Civista Bancshares by 26.3% during the third quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the bank’s stock worth $56,000 after purchasing an additional 500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Civista Bancshares by 102.5% during the third quarter. BNP Paribas Arbitrage SA now owns 3,957 shares of the bank’s stock worth $92,000 after purchasing an additional 2,003 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company, which engages in the community banking business. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The firm’s primary deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial and installment loans.

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

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