News articles about Civista Bancshares (NASDAQ:CIVB) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Civista Bancshares earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.2649658004763 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Analysts Expect Civista Bancshares, Inc. (CIVB) Will Post Quarterly Sales of $17.63 Million (americanbankingnews.com)
- Civista Bancshares, Inc. (NASDAQ:CIVB) Releases Earnings Results (americanbankingnews.com)
- Civista Bancshares, Inc. (NASDAQ:CIVB) Expected to Announce Earnings of $0.33 Per Share (americanbankingnews.com)
- Civista Bancshares, Inc. Announces Second Quarter 2017 Earnings (finance.yahoo.com)
- Civista Bancshares : posts 2Q profit (4-traders.com)
Civista Bancshares (CIVB) traded down 2.47% on Friday, reaching $20.52. The company had a trading volume of 47,344 shares. Civista Bancshares has a 12 month low of $13.51 and a 12 month high of $23.75. The company has a market capitalization of $208.52 million, a price-to-earnings ratio of 15.28 and a beta of 0.47. The company’s 50 day moving average price is $20.71 and its 200-day moving average price is $21.34.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.04. Civista Bancshares had a net margin of 24.39% and a return on equity of 12.30%. The firm had revenue of $17.47 million for the quarter, compared to analyst estimates of $17.70 million. On average, equities analysts predict that Civista Bancshares will post $1.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, July 14th. Civista Bancshares’s dividend payout ratio (DPR) is presently 17.65%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $24.00 target price on shares of Civista Bancshares in a report on Wednesday, April 5th. DA Davidson reaffirmed a “neutral” rating and set a $24.50 target price on shares of Civista Bancshares in a report on Tuesday, July 4th. Zacks Investment Research raised Civista Bancshares from a “sell” rating to a “hold” rating and set a $25.00 target price on the stock in a report on Tuesday, May 2nd. Finally, Boenning Scattergood set a $24.00 target price on Civista Bancshares and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.65.
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In related news, Director Dennis E. Murray, Jr. acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of $21.38 per share, for a total transaction of $42,760.00. Following the completion of the acquisition, the director now owns 14,023 shares of the company’s stock, valued at approximately $299,811.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Voight sold 5,884 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $20.78, for a total value of $122,269.52. The disclosure for this sale can be found here. Insiders have bought 4,050 shares of company stock worth $82,998 in the last ninety days. 4.79% of the stock is currently owned by insiders.
About Civista Bancshares
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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