Sandler O’Neill Reaffirms Buy Rating for Civista Bancshares, Inc. (CIVB)

Sandler O’Neill restated their buy rating on shares of Civista Bancshares, Inc. (NASDAQ:CIVB) in a report released on Friday. They currently have a $25.00 price target on the bank’s stock, up from their previous price target of $23.50.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods restated a buy rating and issued a $24.00 target price on shares of Civista Bancshares in a research note on Sunday, July 30th. Boenning Scattergood set a $24.00 price objective on Civista Bancshares and gave the company a buy rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Civista Bancshares from a sell rating to a hold rating in a research note on Monday, October 2nd. Finally, DA Davidson reiterated a neutral rating and set a $24.50 price objective on shares of Civista Bancshares in a research note on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Civista Bancshares currently has an average rating of Buy and a consensus target price of $22.65.

Shares of Civista Bancshares (NASDAQ CIVB) opened at 22.74 on Friday. The company has a market cap of $231.27 million, a price-to-earnings ratio of 16.88 and a beta of 0.50. Civista Bancshares has a one year low of $14.15 and a one year high of $23.75. The company has a 50 day moving average price of $20.87 and a 200 day moving average price of $20.91.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Friday, July 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $17.47 million during the quarter, compared to analysts’ expectations of $17.70 million. Civista Bancshares had a return on equity of 11.19% and a net margin of 21.97%. Equities analysts predict that Civista Bancshares will post $1.27 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OxFORD Asset Management LLP raised its stake in shares of Civista Bancshares by 16.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 27,684 shares of the bank’s stock valued at $578,000 after buying an additional 3,915 shares during the last quarter. AXA raised its stake in shares of Civista Bancshares by 19.9% during the 1st quarter. AXA now owns 30,094 shares of the bank’s stock valued at $667,000 after buying an additional 4,994 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Civista Bancshares during the 1st quarter valued at about $110,000. Nationwide Fund Advisors raised its stake in shares of Civista Bancshares by 15.7% during the 2nd quarter. Nationwide Fund Advisors now owns 39,665 shares of the bank’s stock valued at $828,000 after buying an additional 5,394 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Civista Bancshares during the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 42.33% of the company’s stock.

Civista Bancshares Company Profile

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods restated a buy rating and issued a $24.00 target price on shares of Civista Bancshares in a research note on Sunday, July 30th. Boenning Scattergood set a $24.00 price objective on Civista Bancshares and gave the company a buy rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Civista Bancshares from a sell rating to a hold rating in a research note on Monday, October 2nd. Finally, DA Davidson reiterated a neutral rating and set a $24.50 price objective on shares of Civista Bancshares in a research note on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Civista Bancshares currently has an average rating of Buy and a consensus target price of $22.65.

Shares of Civista Bancshares (NASDAQ CIVB) opened at 22.74 on Friday. The company has a market cap of $231.27 million, a price-to-earnings ratio of 16.88 and a beta of 0.50. Civista Bancshares has a one year low of $14.15 and a one year high of $23.75. The company has a 50 day moving average price of $20.87 and a 200 day moving average price of $20.91.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Friday, July 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $17.47 million during the quarter, compared to analysts’ expectations of $17.70 million. Civista Bancshares had a return on equity of 11.19% and a net margin of 21.97%. Equities analysts predict that Civista Bancshares will post $1.27 EPS for the current year.

TRADEMARK VIOLATION WARNING: This news story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/09/sandler-oneill-reaffirms-buy-rating-for-civista-bancshares-inc-civb.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OxFORD Asset Management LLP raised its stake in shares of Civista Bancshares by 16.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 27,684 shares of the bank’s stock valued at $578,000 after buying an additional 3,915 shares during the last quarter. AXA raised its stake in shares of Civista Bancshares by 19.9% during the 1st quarter. AXA now owns 30,094 shares of the bank’s stock valued at $667,000 after buying an additional 4,994 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Civista Bancshares during the 1st quarter valued at about $110,000. Nationwide Fund Advisors raised its stake in shares of Civista Bancshares by 15.7% during the 2nd quarter. Nationwide Fund Advisors now owns 39,665 shares of the bank’s stock valued at $828,000 after buying an additional 5,394 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Civista Bancshares during the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 42.33% of the company’s stock.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

Analyst Recommendations for Civista Bancshares (NASDAQ:CIVB)

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