Streetbeat News

CIVB

Civista Bancshares, Inc.

https://www.civb.com

Industry

Banks - Regional

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. The company also purchases securities; and provides trust and third-party insurance services. It operates approximately 42 locations in Northern, Central, Southwestern, and Northwestern Ohio, as well as Southeastern Indiana and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.

Open

22.87

Mkt cap

351M

Volume

86K

High

23.01

P/E Ratio

11.15

52-wk high

23.70

Low

22.11

Div yield

0.04

52-wk low

13.60

Civista Bancshares (NASDAQ:CIVB) reported Q1 2024 earnings of $0.41 per share, missing the $0.46 estimate, and sales of $36.876M, below the $38.328M estimate. This represents a 50% decrease in earnings and a 15.56% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 12:35 pm

Civista Bancshares, Inc. (NASDAQ:CIVB) has announced a new share repurchase program, authorizing the repurchase of up to $13.5 million of its outstanding common shares, replacing the previous program set to expire in April 2024. This move is part of Civista's strategy to grow its franchise and deliver value to shareholders, with repurchases depending on stock performance, capital planning, market conditions, and legal requirements, continuing until April 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 8:21 pm

Financial regulators are set to scrutinize banks with significant commercial real estate (CRE) loan exposure. Valley National Bancorp and 15 other banks are highlighted for their high CRE loan growth and exposure. New York Community Bancorp, despite high exposure, is not under increased scrutiny due to slower growth. The SPDR S&P Regional Banking ETF saw a 2.4% increase, partly due to positive 13F filings and anticipation of Federal Reserve rate cuts.

Portfolio Pulse from Piero Cingari

February 15, 2024 | 7:33 pm

Stephens & Co. analyst Terry McEvoy maintains an Equal-Weight rating on Civista Bancshares (NASDAQ:CIVB) and lowers the price target from $20 to $19.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 6:04 pm

Civista Bancshares (CIVB) reported Q4 2023 earnings of $0.62 per share, surpassing the $0.58 estimate. However, their sales of $38.88M fell short of the $39.51M estimate, marking an 8.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:38 pm

Numerous companies are scheduled to report their quarterly earnings on February 8, 2024, with a mix of expected profits and losses across various sectors. Notable mentions include Ares Management, ArcelorMittal, and AstraZeneca among others, indicating a broad spectrum of financial health and industry performance.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 9:43 am

Civista Bancshares (NASDAQ:CIVB) announced a quarterly dividend of 16 cents per share, going ex-dividend on Monday. Shareholders owning the stock by the end of Friday are eligible for the payout on March 01, 2024. The stock is expected to open 16 cents lower on Monday to reflect the dividend payout.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 2:45 pm

Civista Bancshares (NASDAQ:CIVB) is issuing a dividend of $0.16 per share with an annualized yield of 4.25%. The ex-dividend date was November 6, 2023, and the dividend is payable on November 21, 2023. The company has shown a positive trend in dividend per share growth from $0.42 in 2019 to $0.56 in 2022, and earnings per share growth from $2.03 to $2.55 over the same period. Civista Bancshares' dividend yield is moderate compared to its industry peers, with First of Long Island (NASDAQ:FLIC) having a higher yield at 7.19%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:05 pm

Civista Bancshares reported Q3 earnings of $0.66 per share, down from $0.72 YoY. The company's revenue of $39.629M missed the estimate of $40.881M.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:39 pm

Civista Bancshares (NASDAQ:CIVB) is set to release its quarterly earnings report on October 27, 2023. Analysts estimate an earnings per share (EPS) of $0.61. The company's past performance shows a mixed trend of beating and missing EPS estimates. The company's shares were trading at $15.05 as of October 25, with a 34.56% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 5:02 pm

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