Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) have earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $24.38.
A number of equities research analysts recently weighed in on CIVB shares. Sandler O’Neill reiterated a “buy” rating and set a $25.00 price objective (up previously from $23.50) on shares of Civista Bancshares in a report on Friday, October 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $24.00 price objective on shares of Civista Bancshares in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Civista Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, ValuEngine lowered shares of Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th.
Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in shares of Civista Bancshares by 42.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 71,364 shares of the bank’s stock valued at $1,490,000 after purchasing an additional 21,209 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Civista Bancshares by 115.4% in the 1st quarter. Vanguard Group Inc. now owns 285,239 shares of the bank’s stock valued at $6,321,000 after purchasing an additional 152,800 shares in the last quarter. Boston Partners bought a new stake in shares of Civista Bancshares in the 3rd quarter valued at about $1,492,000. Context BH Capital Management LP raised its holdings in shares of Civista Bancshares by 9.7% in the 3rd quarter. Context BH Capital Management LP now owns 57,380 shares of the bank’s stock valued at $1,282,000 after purchasing an additional 5,062 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Civista Bancshares in the 2nd quarter valued at about $332,000. Institutional investors and hedge funds own 43.92% of the company’s stock.
Civista Bancshares (NASDAQ:CIVB) traded up $0.16 during mid-day trading on Thursday, hitting $23.17. 26,876 shares of the company were exchanged, compared to its average volume of 42,143. Civista Bancshares has a 52-week low of $17.56 and a 52-week high of $23.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $227.83, a PE ratio of 17.10, a PEG ratio of 2.21 and a beta of 0.55.
Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Civista Bancshares had a net margin of 21.56% and a return on equity of 10.32%. The company had revenue of $17.15 million for the quarter, compared to the consensus estimate of $17.60 million. equities research analysts predict that Civista Bancshares will post 1.26 earnings per share for the current fiscal year.
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About Civista Bancshares
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.
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