It seems to be a wise idea to invest in
Civista Bancshares, Inc. ( CIVB Quick Quote CIVB - Free Report) stock right now. The company’s robust fundamentals and steady revenue growth prospects make it an attractive choice for investors. Moreover, it has been witnessing upward earnings estimate revisions, of late, reflecting that analysts are optimistic regarding its earnings growth potential. The Zacks Consensus Estimate for the company’s current-year earnings has been revised 2.7% upward over the past 30 days. Thus, Civista Bancshares currently carries a Zacks Rank #2 (Buy). Further, the company’s price performance seems impressive. So far this year, the stock has gained 31.8%, outperforming 19.8% growth recorded by the industry. Image Source: Zacks Investment Research
Here are some of the factors that make Civista Bancshares stock a key pick right now.
: Civista Bancshares witnessed EPS growth of 10.9% in the last three to five years. This upward momentum is expected to continue in the near term, as reflected by the company’s projected earnings growth rate of 15% for 2021. Earnings per Share (EPS) Growth Moreover, the company has an impressive earnings surprise history. Its earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average beat of 36.5%. : Backed by steady loan growth, Civista Bancshares’ revenues witnessed a compounded annual growth rate (CAGR) of 14.5% over the last six years (2015-2020). Moreover, the company’s projected sales growth rate of 2.9% for 2021 ensures the continuation of the upward revenue trend. Revenue Strength : Civista Bancshares’ stock currently seems undervalued when compared with the broader industry. It has a price-to-earnings (F1) ratio of 9.92, lower than the industry average of 11.46. Also, its price-book ratio of 1.03 falls below the industry’s 1.19. Valuation Favorable Further, the stock has a Value Score of A. Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2,offer the best upside potential. Other Stocks Worth Considering
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LPL Financial Holdings Inc.’s ( LPLA Quick Quote LPLA - Free Report) Zacks Consensus Estimate for the current-year earnings has increased 5.5% over the past 60 days. The stock has gained 32.7% so far this year. It currently carries a Zacks Rank #2. You can see . the complete list of today’s Zacks #1 Rank stocks here UMB Financial Corporation’s ( UMBF Quick Quote UMBF - Free Report) current-year earnings estimates have been revised 25.9% upward over the past 60 days. The Zacks Ranked #2 stock has gained 37.5% in the year-to-date period. Over the past 60 days, Evercore Inc. ( EVR Quick Quote EVR - Free Report) has witnessed an upward earnings estimate revision of 8.3% for the current year. It also carries a Zacks Rank of 2. Shares of the company have gained 25.6% so far this year. Zacks' Top Picks to Cash in on Artificial Intelligence
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