Civista Bancshares, Inc. (NASDAQ:CIVB) is reporting third quarter financial results on Friday 23rd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, CIVB is expected to report 3Q20 income of $ 0.35 per share from revenue of $ 29.05 million.
For the full year, analysts anticipate top line of $ 119.61 million, while looking forward to income of $ 1.70 per share bottom line.
Previous Quarter Performance
Civista Bancshares, Inc. revealed income for the second quarter of $ 0.41 per share, from the revenue of $ 28.93 million. The quarterly earnings dropped 19.61 percent compared with the same quarter last year. The consensus estimates are income of $ 0.26 per share from $ 28.25 million in revenue. The bottom line results beat street analysts by $ 0.15 or 57.69 percent, at the same time, top line results outshined analysts by $ 0.68 million or 2.41 percent.
Stock Performance
Shares of Civista Bancshares, Inc. traded up $ 0.80 or 5.63 percent on Thursday, reaching $ 15.00 with volume of 86.60 thousand shares. Civista Bancshares, Inc. has traded high as $ 15.30 and has cracked $ 14.10 on the downward trend
The closing price of $ 15.00, representing a 26.22 % increase from the 52 week low of $ 11.25 and a 41.61 % decrease over the 52 week high of $ 24.32.
The company has a market capital of $ 240.80 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 14.50 target price.
Conference Call
Civista Bancshares, Inc. will be hosting a conference call at 1:00 PM eastern time on 23rd October 2020, to discuss its 3Q20 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.
