Civista Bancshares, Inc. (NASDAQ:CIVB) is set to announce second quarter earning results on Friday 24th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CIVB to report 2Q20 income of $ 0.26 per share from revenue of $ 28.25 million.
For the full year, analysts anticipate top line of $ 116.31 million, while looking forward to income of $ 1.60 per share bottom line.
Previous Quarter Performance
Civista Bancshares, Inc. came out with income for the first quarter of $ 0.47 per share, from the revenue of $ 28.99 million. The quarterly earnings lowered 17.54 percent while revenues raised 3.54 percent compared with the same quarter last year.
According to street consensus, CIVB was expected to report 1Q20 income of $ 0.48 per share from revenue of $ 28.96 million. The bottom line results missed street analysts by $ 0.01 or 2.08 percent, at the same time, top line results outshined analysts by $ 0.03 million or 0.10 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CIVB was $ 13.90, representing a 19.62 % increase from the 52 week low of $ 11.62 and a 42.85 % decrease over the 52 week high of $ 24.32.
The company has a market capital of $ 222.94 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 7th July 2020, initiated by Stephens at Overweight rating, with $ 19.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.11 per share on April 19, 2020. The dividend were payable on May 1, 2020 to holders of record as of the close of business on April 21, 2020 and ex-dividend date on April 20, 2020.
Conference Call
Civista Bancshares, Inc. will be hosting a conference call at 1:00 PM eastern time on 24th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.civb.com
Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit.
