Civista Bancshares, Inc. (NASDAQ:CIVB) – Research analysts at Piper Sandler boosted their FY2022 earnings estimates for Civista Bancshares in a research note issued to investors on Tuesday, January 11th. Piper Sandler analyst N. Cucharale now forecasts that the bank will earn $2.19 per share for the year, up from their previous forecast of $2.15. Piper Sandler also issued estimates for Civista Bancshares’ Q1 2023 earnings at $0.64 EPS, Q2 2023 earnings at $0.61 EPS, Q4 2023 earnings at $0.67 EPS and FY2023 earnings at $2.55 EPS.
Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Tuesday, October 26th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Civista Bancshares had a return on equity of 11.35% and a net margin of 29.43%. The company had revenue of $30.86 million for the quarter, compared to analysts’ expectations of $30.90 million. During the same period last year, the firm earned $0.48 earnings per share.
Civista Bancshares stock opened at $25.03 on Friday. Civista Bancshares has a 1-year low of $16.46 and a 1-year high of $25.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $376.10 million, a PE ratio of 9.82 and a beta of 0.93. The stock’s fifty day moving average is $24.61 and its two-hundred day moving average is $23.73.
Institutional investors and hedge funds have recently bought and sold shares of the company. Kestrel Investment Management Corp purchased a new position in shares of Civista Bancshares during the second quarter worth about $1,443,000. Dimensional Fund Advisors LP grew its holdings in shares of Civista Bancshares by 10.5% during the second quarter. Dimensional Fund Advisors LP now owns 544,026 shares of the bank’s stock worth $12,023,000 after buying an additional 51,555 shares during the last quarter. Monarch Partners Asset Management LLC grew its holdings in shares of Civista Bancshares by 32.9% during the third quarter. Monarch Partners Asset Management LLC now owns 115,549 shares of the bank’s stock worth $2,684,000 after buying an additional 28,597 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Civista Bancshares by 145.0% during the third quarter. Millennium Management LLC now owns 47,205 shares of the bank’s stock worth $1,097,000 after buying an additional 27,937 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Civista Bancshares by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 523,984 shares of the bank’s stock worth $11,580,000 after buying an additional 18,087 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
Civista Bancshares Company Profile
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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