Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. The company collects a range of customer deposits; and offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans, as well as letters of credit. It also purchases securities; and provides trust and third party insurance services. The company operates branch banking offices in Ohio communities, including Sandusky, Norwalk, Berlin Heights, Huron, Port Clinton, Castalia, New Washington, Shelby, Willard, Greenwich, Plymouth, Shiloh, Akron, Dublin, Plain City, Urbana, Russells Point, West Liberty, Quincy, Dayton, and Beachwood; and Indiana communities comprising Lawrenceburg, Aurora, West Harrison, Milan, Osgood, and Versailles. It also operates loan production offices in Westlake, Ohio; and Fort Mitchell, Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.
IPO Year:
Exchange: NASDAQ
Website: civb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $22.00 | Market Perform → Outperform | Hovde Group |
| 4/1/2024 | $16.00 | Market Perform | Hovde Group |
| 2/21/2024 | $18.00 | Neutral | Piper Sandler |
| 5/3/2023 | Overweight | Piper Sandler | |
| 11/30/2022 | $27.00 | Buy | Janney |
| 7/29/2022 | $27.50 → $25.00 | Outperform → Market Perform | Hovde Group |
SANDUSKY, Ohio, July 16, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ:CIVB) announced today that Todd Michel, Senior Vice President and Controller, will retire from the Company effective July 16, 2024. The Company has commenced a search for a permanent replacement for Mr. Michel; in the interim, Ian Whinnem, Senior Vice President and Chief Financial Officer, will serve as Principal Accounting Officer. Mr. Michel completes a 39-year career with Civista, having joined the Company in 1985 as a seasonal teller while attending Bowling Green State University. Up
SANDUSKY, Ohio, July 27, 2022 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced that it is adding Lorina Wise to its board of directors. In making the announcement, Dennis G. Shaffer, Chief Executive Officer of Civista, said "We are thrilled to have the opportunity to add a director with the background of Lorina Wise. She will bring broad experience and expertise that will be valuable as Civista continues to grow." Mrs. Wise responded, "I look forward to taking on this new role as a director with an organization, board, and management team that r
8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
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8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
10-Q - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
8-K - CIVISTA BANCSHARES, INC. (0000944745) (Filer)
SANDUSKY, Ohio, Oct. 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three- and nine-month periods ending September 30, 2024. Third quarter and year-to-date 2024 highlights: Net income of $8.4 million, or $0.53 per diluted share, for the third quarter of 2024, compared to $10.4 million, or $0.66 per diluted share, for the third quarter of 2023.Net income of $21.8 million, or $1.39 per diluted share, compared to $33.3 million, or $2.12 per diluted share, for the nine months ended September 30, 2024 a
SANDUSKY, Ohio, Oct. 25, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record November 5, 2024, payable November 19, 2024. This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $17.84 on October 25, 2024, the quarterly dividend produces an annualized yield of 3.59%. About Civista Bancshares, Inc.:Civista Bancshares, Inc., is a $4.0 billion financial holdi
SANDUSKY, Ohio, Oct. 2, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that it will issue its third quarter 2024 financial results prior to market open on Tuesday, October 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Tuesday, October 29, 2024, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Tuesday, October 29, 2024Time: 1:00 p.m. Eastern TimeTelephone Access: (800) 836-818
SANDUSKY, Ohio, July 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three- and six-month periods ended June 30, 2024. Second quarter and year-to-date 2024 highlights: Earnings per diluted share (EPS) for the quarter were $0.45, higher by $0.04, or 10%, than the prior quarter, and lower by $0.19, or 30%, from the year-ago quarter.Net income of $7.1 million increased $0.7 million, or 11%, from the prior quarter and decreased $3.0 million, or 30%, compared to $10.0 million for the second quarter of 20
SANDUSKY, Ohio, July 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record August 6, 2024, payable August 20, 2024. This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $18.74 on July 25, 2024, the quarterly dividend produces an annualized yield of 3.42%. About Civista Bancshares, Inc.:Civista Bancshares, Inc., is a $3.9 billion financial holding co
SANDUSKY, Ohio, July 16, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ:CIVB) announced today that Todd Michel, Senior Vice President and Controller, will retire from the Company effective July 16, 2024. The Company has commenced a search for a permanent replacement for Mr. Michel; in the interim, Ian Whinnem, Senior Vice President and Chief Financial Officer, will serve as Principal Accounting Officer. Mr. Michel completes a 39-year career with Civista, having joined the Company in 1985 as a seasonal teller while attending Bowling Green State University. Up
SANDUSKY, Ohio, July 5, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that it will issue its second quarter 2024 financial results prior to market open on Monday, July 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Monday, July 29, 2024, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Monday, July 29, 2024Time: 1:00 p.m. Eastern TimeTelephone Access: (800) 836-8184; ask to j
SANDUSKY, Ohio, April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. ("Civista") (NASDAQ:CIVB) announced today that Ian Whinnem will join the Company as Senior Vice President, Chief Financial Officer effective June 3, 2024. He will be a member of Civista's Executive Leadership Team reporting to President and Chief Executive Officer, Dennis G. Shaffer. Mr. Whinnem joins Civista with over 25 years of corporate finance management in banking, including the past seven years as Senior Vice President, Director of Profitability Management and Capital Utilization for Huntington Banc
SANDUSKY, Ohio, April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three months ending March 31, 2024. First quarter highlights Net income of $6.4 million, or $0.41 per diluted share, for the first quarter of 2024, compared to $12.9 million, or $0.82 per diluted share, for the first quarter of 2023. Low cost of deposits of 214 basis points and total funding costs of 254 basis points for the quarter.Based on the March 29, 2024 market close share price of $15.38, the $0.16 first quarter dividend
SANDUSKY, Ohio, April 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record May 7, 2024, payable May 22, 2024. This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $15.35 on April 24, 2024, the quarterly dividend produces an annualized yield of 4.17%. About Civista Bancshares, Inc.: Civista Bancshares, Inc., is a $3.9 billion financial holding compa
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SANDUSKY, Ohio, Oct. 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three- and nine-month periods ending September 30, 2024. Third quarter and year-to-date 2024 highlights: Net income of $8.4 million, or $0.53 per diluted share, for the third quarter of 2024, compared to $10.4 million, or $0.66 per diluted share, for the third quarter of 2023.Net income of $21.8 million, or $1.39 per diluted share, compared to $33.3 million, or $2.12 per diluted share, for the nine months ended September 30, 2024 a
SANDUSKY, Ohio, Oct. 25, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record November 5, 2024, payable November 19, 2024. This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $17.84 on October 25, 2024, the quarterly dividend produces an annualized yield of 3.59%. About Civista Bancshares, Inc.:Civista Bancshares, Inc., is a $4.0 billion financial holdi
SANDUSKY, Ohio, Oct. 2, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that it will issue its third quarter 2024 financial results prior to market open on Tuesday, October 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Tuesday, October 29, 2024, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Tuesday, October 29, 2024Time: 1:00 p.m. Eastern TimeTelephone Access: (800) 836-818
SANDUSKY, Ohio, July 29, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three- and six-month periods ended June 30, 2024. Second quarter and year-to-date 2024 highlights: Earnings per diluted share (EPS) for the quarter were $0.45, higher by $0.04, or 10%, than the prior quarter, and lower by $0.19, or 30%, from the year-ago quarter.Net income of $7.1 million increased $0.7 million, or 11%, from the prior quarter and decreased $3.0 million, or 30%, compared to $10.0 million for the second quarter of 20
SANDUSKY, Ohio, July 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record August 6, 2024, payable August 20, 2024. This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $18.74 on July 25, 2024, the quarterly dividend produces an annualized yield of 3.42%. About Civista Bancshares, Inc.:Civista Bancshares, Inc., is a $3.9 billion financial holding co
SANDUSKY, Ohio, July 5, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that it will issue its second quarter 2024 financial results prior to market open on Monday, July 29, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Monday, July 29, 2024, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Monday, July 29, 2024Time: 1:00 p.m. Eastern TimeTelephone Access: (800) 836-8184; ask to j
SANDUSKY, Ohio, April 30, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three months ending March 31, 2024. First quarter highlights Net income of $6.4 million, or $0.41 per diluted share, for the first quarter of 2024, compared to $12.9 million, or $0.82 per diluted share, for the first quarter of 2023. Low cost of deposits of 214 basis points and total funding costs of 254 basis points for the quarter.Based on the March 29, 2024 market close share price of $15.38, the $0.16 first quarter dividend
SANDUSKY, Ohio, April 26, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that the Board of Directors has approved a quarterly dividend of 16 cents per common share to shareholders of record May 7, 2024, payable May 22, 2024. This dividend represents a payout of approximately $2.5 million. Based on the Civista's closing stock price of common shares of $15.35 on April 24, 2024, the quarterly dividend produces an annualized yield of 4.17%. About Civista Bancshares, Inc.: Civista Bancshares, Inc., is a $3.9 billion financial holding compa
SANDUSKY, Ohio, April 8, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced today that it will issue its first quarter 2024 financial results prior to market open on Tuesday, April 30, 2024. Civista Bancshares, Inc. will also host a conference call and webcast at 1:00 p.m. Eastern Time on Tuesday, April 30, 2024, to discuss its financial results. Analysts may participate in the question-and-answer session. Conference Call, Replay and Webcast Information: Date: Tuesday, April 30, 2024Time: 1:00 p.m. Eastern TimeTelephone Access: (800) 836-8184;
SANDUSKY, Ohio, Feb. 8, 2024 /PRNewswire/ -- Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") announced its unaudited financial results for the three and twelve month periods ending December 31, 2023. Fourth quarter and year-to-date 2023 highlights: Net income of $9.7 million, or $0.62 per diluted share, for the fourth quarter of 2023, compared to $12.1 million, or $0.77 per diluted share, for the fourth quarter of 2022.Net income of $43.0 million, or $2.73 per diluted share, compared to $39.4 million, or $2.60 per diluted share, for the twelve months ended December 31, 202
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Hovde Group upgraded Civista Bancshares from Market Perform to Outperform and set a new price target of $22.00
Hovde Group resumed coverage of Civista Bancshares with a rating of Market Perform and set a new price target of $16.00
Piper Sandler resumed coverage of Civista Bancshares with a rating of Neutral and set a new price target of $18.00
Piper Sandler resumed coverage of Civista Bancshares with a rating of Overweight
Janney initiated coverage of Civista Bancshares with a rating of Buy and set a new price target of $27.00
Hovde Group downgraded Civista Bancshares from Outperform to Market Perform and set a new price target of $25.00 from $27.50 previously
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Keefe, Bruyette & Woods analyst Timothy Switzer reiterates Civista Bancshares (NASDAQ:CIVB) with a Outperform and lowers the price target from $21 to $18.
Civista Bancshares, Inc. ("Civista") (NASDAQ:CIVB) announced today that Ian Whinnem will join the Company as Senior Vice President, Chief Financial Officer effective June 3, 2024. He will be a member of Civista's Executive Leadership Team reporting to President and Chief Executive Officer, Dennis G. Shaffer.Mr. Whinnem joins Civista with over 25 years of corporate finance management in banking, including the past seven years as Senior Vice President, Director of Profitability Management and Capital Utilization for Huntington Bancshares, Inc. He began his career with FirstMerit Corporation in 1998 and held various finance roles including Director of Finance, prior to Huntington's acquisition
Civista Bancshares (NASDAQ:CIVB) reported quarterly earnings of $0.41 per share which missed the analyst consensus estimate of $0.46 by 10.87 percent. This is a 50 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $36.876 million which missed the analyst consensus estimate of $38.328 million by 3.79 percent. This is a 15.56 percent decrease over sales of $43.669 million the same period last year.
Civista Bancshares, Inc. (NASDAQ:CIVB) ("Civista") today announced that the Board of Directors has approved a stock repurchase program authorizing Civista to purchase, from time to time, up to an aggregate $13.5 million of its outstanding common shares. This new program replaces the prior share repurchase program approved by the Board of Directors which had authorized Civista to purchase up to an aggregate of $13.5 million common shares and would have expired on April 18, 2024, with an aggregate of $1.5 million purchased through the replacement date.Dennis G. Shaffer, Civista's President and CEO commented, "We remain committed to our strategy of growing our franchise. Provided we have a leve
More than a dozen banks in the U.S. find themselves under the keen eye of financial watchdogs due to their sizable portfolios of commercial real estate (CRE) loans. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency jointly indicated their intent to scrutinize banks with CRE loan portfolios exceeding triple their capital and with growth that has exceeded 50% over the past three years. New York Community Bancorp, Inc (NYSE:NYCB) is not among institutions deserving increasing scrutiny. Despite having a CRE loan to total capital ratio of 462% — surpassing the regulatory concern threshold of 300% — NYCB’s portfolio growth of 25% over the pas
Stephens & Co. analyst Terry McEvoy maintains Civista Bancshares (NASDAQ:CIVB) with a Equal-Weight and lowers the price target from $20 to $19.
Civista Bancshares (NASDAQ:CIVB) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.58 by 6.9 percent. The company reported quarterly sales of $38.88 million which missed the analyst consensus estimate of $39.51 million by 1.60 percent. This is a 8.81 percent decrease over sales of $42.63 million the same period last year.
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By the close of today, November 21, 2023, Civista Bancshares (NASDAQ:CIVB) will issue a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 4.25%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on November 06, 2023. Civista Bancshares Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }