Civista Bancshares (NASDAQ:CIVB) received a $24.00 target price from equities research analysts at Hovde Group in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the bank’s stock. Hovde Group’s price objective points to a potential upside of 9.04% from the stock’s current price.
Several other brokerages also recently weighed in on CIVB. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.50 price objective on shares of Civista Bancshares in a research report on Friday, December 22nd. Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Tuesday. ValuEngine downgraded Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Sandler O’Neill restated a “buy” rating and set a $25.00 price objective (up from $23.50) on shares of Civista Bancshares in a research report on Friday, October 6th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.67.
Shares of Civista Bancshares (NASDAQ:CIVB) traded down $0.02 during mid-day trading on Wednesday, hitting $22.01. The company had a trading volume of 20,000 shares, compared to its average volume of 29,200. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. Civista Bancshares has a twelve month low of $18.59 and a twelve month high of $23.76. The company has a market cap of $224.07, a P/E ratio of 16.80, a P/E/G ratio of 1.89 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 the consensus estimate of $0.30 by ($0.01). Civista Bancshares had a return on equity of 10.32% and a net margin of 21.56%. The business had revenue of $17.15 million for the quarter, compared to the consensus estimate of $17.60 million. analysts anticipate that Civista Bancshares will post 1.23 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. bought a new position in Civista Bancshares in the second quarter valued at about $124,000. Keybank National Association OH bought a new position in Civista Bancshares in the third quarter valued at about $213,000. JPMorgan Chase & Co. raised its position in Civista Bancshares by 272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock valued at $209,000 after purchasing an additional 7,315 shares during the last quarter. Rhumbline Advisers bought a new position in Civista Bancshares in the second quarter valued at about $216,000. Finally, New York State Common Retirement Fund bought a new position in Civista Bancshares in the second quarter valued at about $221,000. Hedge funds and other institutional investors own 43.92% of the company’s stock.
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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