Civista Bancshares Inc reports results for the quarter ended in June - Earnings Summary

Civista Bancshares

29/07/2024 16:50

* Civista Bancshares Inc  CIVB.OQ  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 64 cents.  The mean expectation of six analysts for the
quarter was for earnings of 39 cents per share. Wall Street
expected results to range from 37 cents to 41 cents per share.
    * Revenue fell 5.4% to $38.29 million from a year ago;
analysts
expected $37.07 million. 
    * Civista Bancshares Inc's reported EPS for the quarter was
45
cents​.
    * The company reported quarterly net income of $7.06
million.
    * Civista Bancshares Inc shares had risen by 22.5% this
quarter and gained 2.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Civista
Bancshares Inc is $16.75 
This summary was machine generated from LSEG data July 29 at
03:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.39           0.45           Beat
 Mar. 31 2024      0.46           0.41           Missed
 Dec. 31 2023      0.58           0.62           Beat
 Sep. 30 2023      0.61           0.66           Beat