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CIVB

Civista Bancshares NasdaqCM:CIVB Stock Report

Last Price

US$21.00

Market Cap

US$323.8m

7D

0.5%

1Y

-11.1%

Updated

03 Oct, 2022

Data

Company Financials +
CIVB fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends5/6

CIVB Stock Overview

Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services.

Civista Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Civista Bancshares
Historical stock prices
Current Share PriceUS$21.00
52 Week HighUS$25.94
52 Week LowUS$20.10
Beta0.82
1 Month Change-0.94%
3 Month Change-1.46%
1 Year Change-11.09%
3 Year Change-2.87%
5 Year Change-8.22%
Change since IPO9.63%

Recent News & Updates

Shareholder Returns

CIVBUS BanksUS Market
7D0.5%1.1%1.0%
1Y-11.1%-24.1%-20.0%

Return vs Industry: CIVB exceeded the US Banks industry which returned -26.1% over the past year.

Return vs Market: CIVB exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is CIVB's price volatile compared to industry and market?
CIVB volatility
CIVB Average Weekly Movement3.2%
Banks Industry Average Movement3.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: CIVB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CIVB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1884441Dennis Shafferhttps://www.civb.com

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 purchases securities; and provides trust and third-party insurance services.

Civista Bancshares Fundamentals Summary

How do Civista Bancshares's earnings and revenue compare to its market cap?
CIVB fundamental statistics
Market CapUS$323.80m
Earnings (TTM)US$36.62m
Revenue (TTM)US$120.77m

8.8x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIVB income statement (TTM)
RevenueUS$120.77m
Cost of RevenueUS$0
Gross ProfitUS$120.77m
Other ExpensesUS$84.15m
EarningsUS$36.62m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.38
Gross Margin100.00%
Net Profit Margin30.32%
Debt/Equity Ratio68.6%

How did CIVB perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CIVB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIVB?

Other financial metrics that can be useful for relative valuation.

CIVB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does CIVB's PE Ratio compare to its peers?

CIVB PE Ratio vs Peers
The above table shows the PE ratio for CIVB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
HTBI HomeTrust Bancshares
9.8x12.7%US$347.4m
BSRR Sierra Bancorp
8.1x8.7%US$298.5m
FRST Primis Financial
12.9x17.1%US$302.5m
MVBF MVB Financial
12.4x53.4%US$341.2m
CIVB Civista Bancshares
8.8x15.5%US$323.8m

Price-To-Earnings vs Peers: CIVB is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (10.8x).


Price to Earnings Ratio vs Industry

How does CIVB's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: CIVB is good value based on its Price-To-Earnings Ratio (8.8x) compared to the US Banks industry average (9.4x)


Price to Earnings Ratio vs Fair Ratio

What is CIVB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIVB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: CIVB is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).


Share Price vs Fair Value

What is the Fair Price of CIVB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIVB ($21) is trading below our estimate of fair value ($61.01)

Significantly Below Fair Value: CIVB is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Civista Bancshares forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIVB's forecast earnings growth (15.5% per year) is above the savings rate (1.9%).

Earnings vs Market: CIVB's earnings (15.5% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: CIVB's earnings are forecast to grow, but not significantly.

Revenue vs Market: CIVB's revenue (10.5% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: CIVB's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIVB's Return on Equity is forecast to be low in 3 years time (12.3%).


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Past Performance

How has Civista Bancshares performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CIVB has high quality earnings.

Growing Profit Margin: CIVB's current net profit margins (30.3%) are lower than last year (31.2%).


Past Earnings Growth Analysis

Earnings Trend: CIVB's earnings have grown significantly by 23.4% per year over the past 5 years.

Accelerating Growth: CIVB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CIVB had negative earnings growth (-2.7%) over the past year, making it difficult to compare to the Banks industry average (8.5%).


Return on Equity

High ROE: CIVB's Return on Equity (12.2%) is considered low.


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Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CIVB's Assets to Equity ratio (10.1x) is moderate.

Allowance for Bad Loans: CIVB has a sufficient allowance for bad loans (810%).

Low Risk Liabilities: 90% of CIVB's liabilities are made up of primarily low risk sources of funding.

Loan Level: CIVB has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: CIVB's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: CIVB has an appropriate level of bad loans (0.2%).


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.67%

Current Dividend Yield

Dividend Yield vs Market

Civista Bancshares Dividend Yield vs Market
How does Civista Bancshares dividend yield compare to the market?
SegmentDividend Yield
Company (Civista Bancshares)2.7%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Banks)3.4%
Analyst forecast in 3 Years (Civista Bancshares)2.8%

Notable Dividend: CIVB's dividend (2.67%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: CIVB's dividend (2.67%) is low compared to the top 25% of dividend payers in the US market (4.75%).


Stability and Growth of Payments

Stable Dividend: CIVB's dividends per share have been stable in the past 10 years.

Growing Dividend: CIVB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (22.7%), CIVB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CIVB's dividends in 3 years are forecast to be well covered by earnings (21% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Dennis Shaffer (59 yo)

5.5yrs

Tenure

US$848,289

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 Decem...


CEO Compensation Analysis

Dennis Shaffer's Compensation vs Civista Bancshares Earnings
How has Dennis Shaffer's remuneration changed compared to Civista Bancshares's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$37m

Mar 31 2022n/an/a

US$38m

Dec 31 2021US$848kUS$469k

US$40m

Sep 30 2021n/an/a

US$40m

Jun 30 2021n/an/a

US$38m

Mar 31 2021n/an/a

US$35m

Dec 31 2020US$759kUS$444k

US$32m

Sep 30 2020n/an/a

US$30m

Jun 30 2020n/an/a

US$30m

Mar 31 2020n/an/a

US$32m

Dec 31 2019US$669kUS$408k

US$33m

Sep 30 2019n/an/a

US$33m

Jun 30 2019n/an/a

US$22m

Mar 31 2019n/an/a

US$16m

Dec 31 2018US$544kUS$350k

US$13m

Sep 30 2018n/an/a

US$9m

Jun 30 2018n/an/a

US$16m

Mar 31 2018n/an/a

US$17m

Dec 31 2017US$449kUS$302k

US$15m

Sep 30 2017n/an/a

US$14m

Jun 30 2017n/an/a

US$14m

Mar 31 2017n/an/a

US$16m

Dec 31 2016US$423kUS$285k

US$16m

Sep 30 2016n/an/a

US$15m

Jun 30 2016n/an/a

US$15m

Mar 31 2016n/an/a

US$13m

Dec 31 2015US$363kUS$260k

US$11m

Compensation vs Market: Dennis's total compensation ($USD848.29K) is below average for companies of similar size in the US market ($USD2.94M).

Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CIVB's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: CIVB's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqCM:CIVB Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
17 Jun 22BuyUS$39,710Harry SingerIndividual1,900US$20.90
05 May 22BuyUS$20,500William RitzmannIndividual1,000US$20.50
15 Mar 22BuyUS$10,250Gerald WurmIndividual415.84US$24.65
03 Mar 22SellUS$121,250Allen NicklesIndividual5,000US$24.25
15 Feb 22BuyUS$24,564Julie MattlinIndividual1,000US$24.56

Ownership Breakdown

What is the ownership structure of CIVB?
Owner TypeNumber of SharesOwnership Percentage
Private Companies7,9000.05%
Individual Insiders811,7635.3%
General Public6,327,13641.0%
Institutions8,272,26453.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 44.22% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.17%
BlackRock, Inc.
1,105,984$23.2m0.72%no data
4.42%
The Vanguard Group, Inc.
681,826$14.3m0.21%no data
4.18%
Dimensional Fund Advisors LP
644,675$13.5m7.33%no data
3.75%
Manulife Asset Management
578,513$12.1m0.33%0.01%
3.64%
Wellington Management Group LLP
561,521$11.8m10.28%no data
1.81%
Pacific Ridge Capital Partners, LLC
279,636$5.9m11.2%1.47%
1.73%
State Street Global Advisors, Inc.
267,340$5.6m3.74%no data
1.69%
Geode Capital Management, LLC
259,876$5.5m-1.96%no data
1.39%
DePrince, Race & Zollo, Inc.
214,430$4.5m111.95%0.11%
1.32%
Beese, Fulmer Investment Management, Inc.
204,135$4.3m-1.31%0.57%
1.3%
Maltese Capital Management, LLC
200,000$4.2m0%0.92%
1.23%
RMB Capital Management, LLC
190,000$4.0m0%0.13%
1.16%
Russell Investment Management, LLC
178,360$3.7m41.24%0.01%
1.15%
Mendon Capital Advisors Corp.
177,410$3.7m0%1.51%
0.97%
Northern Trust Global Investments
150,086$3.2m-2.71%no data
0.95%
AllianceBernstein L.P.
146,339$3.1m0.21%no data
0.87%
LSV Asset Management
134,029$2.8m-3.18%0.01%
0.81%
Gerald Wurm
124,562$2.6m0.48%no data
0.76%
Allen Nickles
117,446$2.5m0.52%no data
0.74%
Fort Washington Investment Advisors, Inc.
114,844$2.4m0%0.02%
0.74%
Renaissance Technologies LLC
114,665$2.4m-27.41%no data
0.74%
Hotchkis and Wiley Capital Management, LLC
113,820$2.4m7.46%0.01%
0.6%
Blythe Friedley
91,814$1.9m0%no data
0.54%
Mariner, LLC
83,669$1.8m-0.22%0.01%
0.54%
Elmer McLaughlin
83,479$1.8m0%no data

Company Information

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


Key Information

  • Name: Civista Bancshares, Inc.
  • Ticker: CIVB
  • Exchange: NasdaqCM
  • Founded: 1884
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$323.800m
  • Shares outstanding: 15.42m
  • Website: https://www.civb.com

Number of Employees


Location

  • Civista Bancshares, Inc.
  • 100 East Water Street
  • PO Box 5016
  • Sandusky
  • Ohio
  • 44870-2514
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIVBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDApr 1993
44QDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1993

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.