Civista Bancshares reportedly posted EPS above expectations in the third quarter, prompting analysts to raise their revenue and EPS forecasts for next year. The shares reportedly rose after the announcement.
According to Civista Bancshares' third-quarter results, revenue was $49 million, broadly in line with expectations, while earnings per share (EPS) of $0.77 were 11% above analysts' forecasts. Following the earnings announcement, the share price rose 5.4% to $28.29.
The 2027 consensus forecasts from 6 analysts call for revenue of approximately $201.7 million and EPS of $2.97. The previous forecasts were approximately $202.5 million for revenue and $2.92 for EPS, and were reportedly revised upward following the earnings announcement.
The consensus target price is said to be approximately $31.33 and largely unchanged. The most optimistic target price is $33.00, while the most pessimistic view is $30.00. Revenue growth through the end of 2027 is forecast at 6.1%, down from 7.5% over the past 5 years. The industry-wide forecast is said to be 8.0% annually.
Compared with historical performance, analysts expect Civista Bancshares to maintain its growth pace, although growth is expected to slow relative to the industry as a whole.