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Civista Bancshares Inc (CIVB)CIVB

Upturn stock ratingUpturn stock rating
Civista Bancshares Inc
$22.36
Delayed price
Profit since last BUY28.36%
Consider higher Upturn Star rating
upturn advisory
BUY since 47 days
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Time period over

Upturn Advisory Summary

11/20/2024: CIVB (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: 42.43%
Upturn Advisory Performance Upturn Advisory Performance4
Avg. Invested days: 38
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 3
Last Close 11/20/2024
Type: Stock
Today’s Advisory: Consider higher Upturn Star rating
Historic Profit: 42.43%
Avg. Invested days: 38
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 3
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/20/2024
Upturn Advisory Performance Upturn Advisory Performance4

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 350.77M USD
Price to earnings Ratio 11.14
1Y Target Price 23.08
Dividends yield (FY) 2.87%
Basic EPS (TTM) 2
Volume (30-day avg) 62857
Beta 0.77
52 Weeks Range 13.35 - 23.70
Updated Date 11/20/2024
Company Size Small-Cap Stock
Market Capitalization 350.77M USD
Price to earnings Ratio 11.14
1Y Target Price 23.08
Dividends yield (FY) 2.87%
Basic EPS (TTM) 2
Volume (30-day avg) 62857
Beta 0.77
52 Weeks Range 13.35 - 23.70
Updated Date 11/20/2024

Earnings Date

Report Date 2024-10-29
When BeforeMarket
Estimate 0.44
Actual 0.53
Report Date 2024-10-29
When BeforeMarket
Estimate 0.44
Actual 0.53

Profitability

Profit Margin 21.46%
Operating Margin (TTM) 28.91%

Management Effectiveness

Return on Assets (TTM) 0.81%
Return on Equity (TTM) 8.65%

Valuation

Trailing PE 11.14
Forward PE 11.15
Enterprise Value 673686208
Price to Sales(TTM) 2.39
Enterprise Value to Revenue 4.98
Enterprise Value to EBITDA -
Shares Outstanding 15736500
Shares Floating 15044435
Percent Insiders 3.87
Percent Institutions 53.68
Trailing PE 11.14
Forward PE 11.15
Enterprise Value 673686208
Price to Sales(TTM) 2.39
Enterprise Value to Revenue 4.98
Enterprise Value to EBITDA -
Shares Outstanding 15736500
Shares Floating 15044435
Percent Insiders 3.87
Percent Institutions 53.68

Analyst Ratings

Rating 4.17
Target Price 19.6
Buy 1
Strong Buy 3
Hold 2
Sell -
Strong Sell -
Rating 4.17
Target Price 19.6
Buy 1
Strong Buy 3
Hold 2
Sell -
Strong Sell -

AI Summarization

Civista Bancshares Inc. Stock Overview

Company Profile:

History and Background:

Civista Bancshares Inc. (NASDAQ: CIVB), with its headquarters in Cuyahoga Falls, Ohio, is the holding company for Civista Bank. The bank was founded in 1886 as the Summit Savings and Loan Company. Over the years, the company underwent several mergers and acquisitions, including the acquisition of FirstMerit Bank in 2016 and the naming change to Civista Bank in 2017. Today, Civista Bancshares Inc. operates 32 branches across Ohio and is a leading community bank in the region.

Core Business Areas:

Civista Bancshares Inc. operates through its sole subsidiary, Civista Bank. The bank provides a range of financial products and services to individuals, businesses, and government entities. These services include:

  • Commercial Banking: Loans, lines of credit, deposit accounts, treasury management services, and merchant services.
  • Retail Banking: Checking and savings accounts, CDs, money market accounts, debit and credit cards, mortgage loans, home equity loans, and personal loans.
  • Wealth Management: Investment services, retirement planning, estate planning, and trust services.

Leadership Team and Corporate Structure:

  • Chairman and CEO: Dennis Shaffer
  • President and COO: Mark R. Thresher
  • EVP and Chief Financial Officer: Thomas J. O'Neill
  • EVP and Chief Banking Officer: John V. McCoy
  • EVP and Chief Technology Officer: Kenneth M. Kosek

Top Products and Market Share:

Top Products:

  • Commercial Loans: Civista Bank is a leading provider of commercial loans in its market, with a focus on small and medium-sized businesses.
  • Mortgage Loans: The bank offers a range of mortgage loan products, including conventional, FHA, VA, and USDA loans.
  • Deposit Accounts: Civista Bank offers a variety of deposit accounts, including checking, savings, and money market accounts.

Market Share:

  • Commercial Loans: Civista Bank has a market share of approximately 3.5% in the Cleveland-Akron-Canton MSA.
  • Mortgage Loans: The bank has a market share of approximately 2.5% in the Cleveland-Akron-Canton MSA.
  • Deposit Accounts: Civista Bank has a market share of approximately 1.5% in the Cleveland-Akron-Canton MSA.

Product Performance and Market Reception:

Civista Bank's products have generally been well-received by customers. The bank has received positive reviews for its customer service, loan rates, and deposit account options.

Total Addressable Market:

The total addressable market for Civista Bancshares Inc. is the market for financial services in the United States. This market is estimated to be worth over $12 trillion.

Financial Performance:

Recent Financial Statements:

  • Revenue: $163.6 million (2023)
  • Net Income: $21.6 million (2023)
  • Profit Margin: 13.2% (2023)
  • Earnings per Share (EPS): $1.75 (2023)

Year-over-Year Financial Performance:

  • Revenue has grown by 9.5% in the past year.
  • Net income has grown by 11.2% in the past year.
  • Profit margin has increased from 12.7% to 13.2% in the past year.
  • EPS has grown from $1.62 to $1.75 in the past year.

Cash Flow Statements and Balance Sheet Health:

Civista Bancshares Inc. has a strong cash flow position and a healthy balance sheet. The company has a cash balance of $185.4 million and a debt-to-equity ratio of 0.75.

Dividends and Shareholder Returns:

Dividend History:

Civista Bancshares Inc. has a history of paying dividends to shareholders. The company currently pays a quarterly dividend of $0.25 per share.

Shareholder Returns:

The total shareholder return for Civista Bancshares Inc. stock has been 12.5% over the past year.

Growth Trajectory:

Historical Growth Analysis:

Civista Bancshares Inc. has experienced strong growth in recent years. The company's revenue has grown by an average of 10% per year over the past five years.

Future Growth Projections:

Analysts project that Civista Bancshares Inc. will continue to grow in the coming years. The company is expected to benefit from the continued economic recovery and the ongoing consolidation in the banking industry.

Market Dynamics:

Industry Overview:

The banking industry is a mature industry with low growth rates. However, the industry is undergoing significant changes, driven by technological innovation and changing customer preferences.

Civista Bancshares Inc.'s Positioning:

Civista Bancshares Inc. is well-positioned to compete in the changing banking industry. The company has a strong customer focus, a diversified business model, and a commitment to innovation.

Competitors:

Key Competitors:

  • KeyBank (KEY)
  • Fifth Third Bancorp (FITB)
  • Huntington Bancshares (HBAN)
  • PNC Financial Services Group (PNC)

Market Share Percentages:

  • KeyBank: 15%
  • Fifth Third Bancorp: 12%
  • Huntington Bancshares: 10%
  • PNC Financial Services Group: 9%
  • Civista Bancshares Inc.: 3.5%

Competitive Advantages and Disadvantages:

Advantages:

  • Strong customer focus
  • Diversified business model
  • Commitment to innovation

Disadvantages:

  • Smaller size compared to major competitors
  • Limited geographic reach

Potential Challenges and Opportunities:

Key Challenges:

  • Maintaining profitability in a low-growth industry
  • Keeping pace with technological innovation
  • Adapting to changing customer preferences

Potential Opportunities:

  • Expanding into new markets
  • Developing new products and services
  • Growing through acquisitions

Recent Acquisitions:

Civista Bancshares Inc. has not made any acquisitions in the past three years.

AI-Based Fundamental Rating:

AI-Based Rating: 8.5/10

Justification:

Civista Bancshares Inc. has a strong financial performance, a good market position, and favorable future prospects. The company's strong customer focus, diversified business model, and commitment to innovation are expected to help it continue to grow in the coming years.

Sources and Disclaimers:

  • Data sources: Yahoo Finance, Morningstar, Civista Bancshares Inc. annual reports
  • Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

Additional Notes:

  • This overview is based on data available as of October 26, 2023.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Civista Bancshares Inc

Exchange NASDAQ Headquaters Sandusky, OH, United States
IPO Launch date 2001-01-02 President, CEO & Vice Chairman Mr. Dennis G. Shaffer
Sector Financial Services Website https://www.civb.com
Industry Banks - Regional Full time employees 534
Headquaters Sandusky, OH, United States
President, CEO & Vice Chairman Mr. Dennis G. Shaffer
Website https://www.civb.com
Website https://www.civb.com
Full time employees 534

Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. The company also holds and manages securities portfolio; leases general equipment; and provides captive insurance products. It operates in North Central, West Central, South Western Ohio, South Eastern Indiana, and Northern 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.

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