Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) – Investment analysts at DA Davidson issued their Q1 2024 EPS estimates for Civista Bancshares in a research report issued to clients and investors on Monday, February 12th. DA Davidson analyst M. Navas anticipates that the bank will earn $0.46 per share for the quarter. The consensus estimate for Civista Bancshares’ current full-year earnings is $2.25 per share. DA Davidson also issued estimates for Civista Bancshares’ FY2024 earnings at $2.10 EPS and FY2025 earnings at $2.25 EPS.
Separately, Stephens dropped their price objective on shares of Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Civista Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.
Civista Bancshares Price Performance
Shares of CIVB opened at $15.91 on Tuesday. The firm has a market capitalization of $249.79 million, a PE ratio of 5.81 and a beta of 0.83. The company’s 50-day moving average is $17.44 and its 200-day moving average is $16.65. Civista Bancshares has a fifty-two week low of $14.02 and a fifty-two week high of $21.98. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.98 and a quick ratio of 0.98.
Hedge Funds Weigh In On Civista Bancshares
Hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in Civista Bancshares by 74.1% during the first quarter. FMR LLC now owns 2,277 shares of the bank’s stock worth $38,000 after acquiring an additional 969 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Civista Bancshares by 294.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,451 shares of the bank’s stock worth $38,000 after buying an additional 1,830 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Civista Bancshares by 244.3% during the third quarter. Tower Research Capital LLC TRC now owns 2,565 shares of the bank’s stock worth $54,000 after buying an additional 1,820 shares in the last quarter. Citigroup Inc. acquired a new stake in Civista Bancshares during the second quarter worth about $83,000. Finally, Wells Fargo & Company MN grew its stake in Civista Bancshares by 115.6% during the second quarter. Wells Fargo & Company MN now owns 5,888 shares of the bank’s stock worth $102,000 after buying an additional 3,157 shares in the last quarter. 50.16% of the stock is owned by institutional investors.
Civista Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Monday, February 12th. Civista Bancshares’s dividend payout ratio is 23.36%.
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.
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