Civista Bancshares (NASDAQ:CIVB) will release its quarterly results before market open on Friday, February 4. Analysts expect Cavista Bancshares to post earnings of $0.60 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.
Cavista Bancshares (NASDAQ:CIVB) last announced its quarterly results on Tuesday, October 26. The bank reported EPS of $0.64 for the quarter, beating analysts’ consensus estimate of $0.62 by $0.02. Civista Bancshares had a net margin of 29.43% and a return on equity of 11.35%. The company posted revenue of $30.86 million in the quarter, versus analyst estimates of $30.90 million. In the same period a year earlier, the company posted earnings per share of $0.48. On average, analysts expect Civista Bancshares to post EPS of $3 for the current fiscal year and EPS of $2 for the next fiscal year.
Shares of CIVB opened at $23.59 on Friday. The company has a 50-day moving average price of $24.37 and a 200-day moving average price of $23.85. Civista Bancshares has a 52 week minimum of $16.80 and a 52 week maximum of $25.94. The company has a market capitalization of $354.46 million, a PE ratio of 9.25 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a leverage ratio of 0.30.
A number of analysts have recently commented on the stock. DA Davidson reiterated a “buy” rating on Civista Bancshares shares in a Wednesday, January 12 research note. Zacks Investment Research downgraded shares of Civista Bancshares from a “hold” rating to a “sell” rating in a Monday, Jan. 3 research report.
A number of hedge funds and other institutional investors have recently changed their positions in the stock. Bank of New York Mellon Corp increased its position in Civista Bancshares shares by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 84,947 shares of the bank worth $1,973,000 after purchasing an additional 2,460 shares during the period. BNP Paribas Arbitrage SA increased its position in Cavista Bancshares shares by 102.5% in the third quarter. BNP Paribas Arbitrage SA now owns 3,957 shares in the bank worth $92,000 after purchasing an additional 2,003 shares during the period. UBS Group AG increased its position in shares of Cavista Bancshares by 55.8% in the third quarter. UBS Group AG now owns 7,991 shares in the bank worth $186,000 after purchasing an additional 2,862 shares during the period. Millennium Management LLC increased its position in shares of Civista Bancshares by 145.0% in the third quarter. Millennium Management LLC now owns 47,205 shares of the bank worth $1,097,000 after purchasing an additional 27,937 shares during the period. Finally, Citadel Advisors LLC bought a new stock position in Civista Bancshares in the third quarter worth approximately $367,000. Institutional investors hold 52.44% of the company’s shares.
Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company engaged in 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 Company’s primary deposit products are checking, savings and term certificate accounts, and its lending products are residential, commercial and installment mortgages.
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