NasdaqCM:CIVB.P

Stock Analysis Report

Executive Summary

Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Civista Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.3%

NasdaqCM:CIVB.P

-1.8%

US Banks

0.2%

US Market


1 Year Return

-13.4%

NasdaqCM:CIVB.P

-15.3%

US Banks

-0.7%

US Market

CIVB.P matched the Banks industry (-13.6%) over the past year.

CIVB.P underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

CIVB.PIndustryMarket
7 Day-4.3%-1.8%0.2%
30 Day-4.3%-6.4%-2.7%
90 Day-9.0%-4.0%1.6%
1 Year-11.9%-13.4%-12.9%-15.3%1.6%-0.7%
3 Year55.6%45.4%41.3%31.7%40.0%30.9%
5 Year148.5%112.2%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is Civista Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Civista Bancshares undervalued based on future cash flows and its price relative to the stock market?

33%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Civista Bancshares's share price is below the future cash flow value, and at a moderate discount (> 20%).

Civista Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Civista Bancshares is overvalued based on earnings compared to the US Banks industry average.

Civista Bancshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Civista Bancshares is poor value based on expected growth next year.


Price Based on Value of Assets

Civista Bancshares is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Civista Bancshares expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Civista Bancshares's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).

Civista Bancshares's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).

Civista Bancshares's revenue growth is positive but not above the United States of America market average.

Civista Bancshares's earnings growth is positive but not above the United States of America market average.

Civista Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Civista Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Civista Bancshares performed over the past 5 years?

15.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Civista Bancshares's year on year earnings growth rate has been positive over the past 5 years.

Civista Bancshares's 1-year earnings growth exceeds its 5-year average (32.6% vs 15.7%)

Civista Bancshares's earnings growth has not exceeded the US Banks industry average in the past year (32.6% vs 33.2%).


Return on Equity

Civista Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Civista Bancshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Civista Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Civista Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Civista Bancshares has an acceptable proportion of non-loan assets held.

Civista Bancshares has a sufficient allowance for bad loans.

Civista Bancshares's liabilities are made up of primarily low risk sources of funding.

Civista Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Civista Bancshares are broadly funded by customer deposits.

Civista Bancshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Civista Bancshares's current dividend yield, its reliability and sustainability?

2.19%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Civista Bancshares before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Civista Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Civista Bancshares's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

What is the CEO of Civista Bancshares's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Dennis Shaffer (56yo)

1.6yrs

Tenure

US$537,462

Compensation

Mr. Dennis G. Shaffer has been President and Chief Executive Officer of Civista Bank since July 31, 2017. Mr. Shaffer serves as President and Chief Executive Officer at Civista Bancshares, Inc since Decemb ...


CEO Compensation Analysis

Dennis's remuneration is lower than average for companies of similar size in United States of America.

Dennis's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.0yrs

Average Tenure

54yo

Average Age

The tenure for the Civista Bancshares management team is about average.


Board Age and Tenure

3.5yrs

Average Tenure

65.5yo

Average Age

The tenure for the Civista Bancshares board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Todd Michel (54yo)

    Senior VP & Controller

    • Tenure: 21.6yrs
    • Compensation: US$225.64k
  • Jim Miller (67yo)

    Chairman of the Board

    • Tenure: 5.3yrs
    • Compensation: US$121.69k
  • Rich Dutton (56yo)

    Senior Vice President

    • Tenure: 13.6yrs
    • Compensation: US$421.48k
  • Mike McLaughlin (60yo)

    Senior Vice President

    • Tenure: 1.6yrs
  • Dennis Shaffer (56yo)

    President

    • Tenure: 1.6yrs
    • Compensation: US$537.46k
  • John Betts (48yo)

    Senior Vice President

    • Tenure: 6.6yrs
  • Chuck Parcher (54yo)

    Senior Vice President

    • Tenure: 3.3yrs
    • Compensation: US$320.53k
  • Donna Waltz-Jaskolski (53yo)

    Senior Vice President

    • Tenure: 2.6yrs
  • Lance Morrison (52yo)

    Senior VP

    • Tenure: 0.7yrs
  • Russell Edwards

    Senior Vice President of Retail Banking

    • Tenure: 0.0yrs

Board Members

  • Daniel White (69yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$21.69k
  • Jim Miller (67yo)

    Chairman of the Board

    • Tenure: 5.3yrs
    • Compensation: US$121.69k
  • Pat Oliver (63yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$23.59k
  • Allen Nickles (69yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$28.09k
  • Bill Ritzmann (71yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$10.97k
  • Thomas Depler (69yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: US$27.39k
  • Dennis Shaffer (56yo)

    President

    • Tenure: 1.6yrs
    • Compensation: US$537.46k
  • Dennis Murray (56yo)

    Lead Director

    • Tenure: 4.6yrs
    • Compensation: US$25.89k
  • Harry Singer (64yo)

    Director

    • Tenure: 0.3yrs
  • Julie Mattlin (54yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$10.07k

Company Information

Civista Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Civista Bancshares, Inc.
  • Ticker: CIVB.P
  • Exchange: NasdaqCM
  • Founded: 1884
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$326.617m
  • Shares outstanding: 15.65m
  • Website: https://www.civb.com

Number of Employees


Location

  • Civista Bancshares, Inc.
  • 100 East Water Street
  • PO Box 5016
  • Sandusky
  • Ohio
  • 44870
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIVBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDApr 1993
CIVB.PNasdaqCM (Nasdaq Capital Market)6.50% PFD SER BUSUSDDec 2013

Biography

Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing dema ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:58
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.