Civista Bancshares Inc reports results for the quarter ended March 31 - Earnings Summary

• Civista Bancshares Inc CIVB.OQ reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of six analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 49 cents to 56 cents per share.

• Revenue rose 10.2% to $40.63 million from a year ago; analysts expected $40.35 million.

• Civista Bancshares Inc's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of $10.12 million.

• Civista Bancshares Inc shares had risen by 6.3% this quarter and lost 1.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "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 $24.50

This summary was machine generated from LSEG data April 24 at 08:18 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)