For its first fiscal quarter (ending March 31), Civista Bancshares Inc (NASDAQ: CIVB) has reported a -50% decline in E.P.S. from $0.82 a year ago to $0.41 in the current quarter. This performance was $-0.04 short of the consensus estimate of $0.45. E.P.S. were $2.33 for the latest four quarters through March 31 versus $2.84 for the same period a year ago — a decline of -18%.
Recent Price Action
On 4/30/24, Civista Bancshares Inc (NASDAQ: CIVB) stock declined by -3.4%, closing at $14.28. Moreover, unusually high trading volume at 190% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -6.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CIVB is expected to be Value Creation neutral.
Civista Bancshares has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Civista Bancshares has a very high Appreciation Score of 87 but a slightly negative Power Rating of 34, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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