Piper Sandler to hold a virtual field trip » 10:2205/1705/17/21
CIVB, FMAO, FFBC, HLAN, LCNB, PRK, PEBO, PFC, SBFG, TFSL
Virtual Ohio Community…
Virtual Ohio Community Bank Field Trip to be held on May 17-18.
|Over a week ago|
Civista Bancshares reports Q1 EPS 68c, consensus 68c » 08:3204/2304/23/21
Civista recorded net…
Civista recorded net recoveries of $275,000 for the Q1 compared to net recoveries of $55,000 for the same period of 2020. "I am very pleased with the results of the Q1. Our mortgage business set a record for the most revenue in a quarter in our Company's history. We continue to work toward a digital transformation with our online and mobile banking and expect to have new offerings in these areas before the end of the second quarter. In the midst of increasing our digital offerings we are constantly looking at our branch footprint. We will be closing two of our smaller offices in July. We have continued to manage capital through our stock repurchase program as well as dividends. We announced this week a new stock repurchase authorization and increased in our dividend in January 2021." said Dennis G. Shaffer, President and CEO of Civista.
Civista Bancshares announces $13.5M stock repurchase program » 16:0004/2104/21/21
Civista Bancshares announced that the Board of Directors has approved a stock repurchase program authorizing Civista to purchase, from time to time, up to an aggregate $13.5M of its outstanding common shares. This new program replaces the prior share repurchase program approved by the Board of Directors on May 4, 2020, which had authorized Civista to purchase up to an aggregate of $13.5M common shares and expired on April 20, 2021, with an aggregate of $6.9M purchased through the termination date.
|Over a month ago|
Civista Bancshares management to meet virtually with DA Davidson » 11:2702/1602/16/21
Virtual Meeting to be…
Virtual Meeting to be held on February 16 hosted by DA Davidson.
|Over a quarter ago|
Civista Bancshares raises quarterly dividend to 12c per share » 08:3202/0502/05/21
The company said,…
The company said, "We increased our dividend in January 2021 to 12c per quarter which is equivalent to a dividend yield of 2.65% based on the February 2, 2021 market close of $18.11. The quarterly dividend represents an increase of 9.1%, and based on fourth quarter 2020 earnings per share, translates to a dividend payout ratio of 18.8%."
Civista Bancshares reports Q4 EPS 64c, consensus » 08:3102/0502/05/21
Net interest margin…
Net interest margin decreased 49 basis points to 3.69% for the fourth quarter of 2020, compared to 4.18% for the same period a year ago.
Civista Bancshares upgraded to Buy from Neutral at DA Davidson » 07:4601/0401/04/21
DA Davidson analyst…
DA Davidson analyst Russell Gunther upgraded Civista Bancshares to Buy from Neutral with a price target of $24, up from $19. The company underperformed the regional banking index in 2020 because of its asset sensitivity alongside Fed rate cuts to zero and its higher initial deferral balance, but he sees the investment narrative shifting to earnings growth catalysts through excess capital reform and tailwinds from net interest margins and expense trends, the analyst tells investors in a research note.
Civista Bancshares reports Q3 EPS 48c, consensus 35c » 08:3110/2310/23/20
Net interest margin…
Net interest margin decreased 68 basis points to 3.44% for the third quarter, compared to 4.12% for the same period a year ago.
Civista Bancshares resumed with an Outperform at Boenning & Scattergood » 07:4109/2409/24/20
Boenning & Scattergood analyst Joseph Plevelich initiated coverage of Civista Bancshares with an Outperform rating and $18.75 price target. The firm is resuming coverage of the community bank sector and has "generally positive views" on the space given that deferrals have peaked and near-term expectations are "relatively muted," although it notes that this emerging credit cycle is early innings and "could last extra innings depending upon the timing of a successful vaccine or treatment for COVID-19."
Civista Bancshares reports Q2 EPS 41c, consensus 26c » 08:3307/2407/24/20
Net interest margin…
Net interest margin decreased 88 basis points to 3.61% for the second quarter of 2020, compared to 4.49% for the same period a year ago. Accretion income associated with purchased loan portfolios contributed approximately 13 basis points and 25 basis points to net interest margin for the second quarter of 2020 and 2019, respectively. "The challenges for 2020 continued through the second quarter. Much of our market area was under a stay at home order during a large part of the second quarter. We continued to work with customers providing loan payment deferrals as well as relief from overdraft and service charge fees. Along with this economic uncertainty comes the need to increase our provision for loan losses. Despite these challenging times, we are extremely pleased with our second quarter earnings," said Dennis Shaffer, President and CEO of Civista.