Civista Bancshares (NASDAQ:CIVB – Get Rating) had its price objective hoisted by Stephens to $27.00 in a research note released on Tuesday morning, Stock Target Advisor reports.
Several other equities analysts have also recently issued reports on the company. StockNews.com cut Civista Bancshares from a buy rating to a hold rating in a report on Thursday, May 26th. Hovde Group cut Civista Bancshares from an outperform rating to a market perform rating and set a $25.00 price objective for the company. in a report on Friday, July 29th. Finally, DA Davidson reissued a buy rating on shares of Civista Bancshares in a research report on Wednesday, July 27th.
Get Civista Bancshares alerts:Civista Bancshares Stock Down 1.4 %
CIVB opened at $21.82 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $21.71 and a 200-day simple moving average of $22.37. The stock has a market capitalization of $336.44 million, a P/E ratio of 8.83 and a beta of 0.84. Civista Bancshares has a 12 month low of $20.10 and a 12 month high of $25.94.
Civista Bancshares (NASDAQ:CIVB – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $29.90 million during the quarter, compared to analysts' expectations of $30.90 million. Civista Bancshares had a return on equity of 11.04% and a net margin of 28.80%. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts anticipate that Civista Bancshares will post 2.39 earnings per share for the current fiscal year.Civista Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Monday, August 8th. Civista Bancshares's payout ratio is 22.67%.
Insiders Place Their Bets
In related news, Director Harry Singer purchased 1,900 shares of the company's stock in a transaction on Friday, June 17th. The stock was bought at an average price of $20.90 per share, with a total value of $39,710.00. Following the completion of the transaction, the director now owns 8,556 shares of the company's stock, valued at approximately $178,820.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.05% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Civista Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Panagora Asset Management Inc. grew its position in shares of Civista Bancshares by 0.7% in the first quarter. Panagora Asset Management Inc. now owns 101,142 shares of the bank's stock valued at $2,438,000 after purchasing an additional 748 shares during the period. Boston Partners grew its position in shares of Civista Bancshares by 6.7% in the first quarter. Boston Partners now owns 23,460 shares of the bank's stock valued at $565,000 after purchasing an additional 1,466 shares during the period. BHZ Capital Management LP grew its position in shares of Civista Bancshares by 2.0% in the first quarter. BHZ Capital Management LP now owns 74,371 shares of the bank's stock valued at $1,792,000 after purchasing an additional 1,468 shares during the period. Venture Visionary Partners LLC purchased a new stake in shares of Civista Bancshares in the second quarter valued at $35,000. Finally, Rhumbline Advisers grew its position in shares of Civista Bancshares by 8.5% in the second quarter. Rhumbline Advisers now owns 21,467 shares of the bank's stock valued at $456,000 after purchasing an additional 1,687 shares during the period. Hedge funds and other institutional investors own 53.04% of the company's stock.
About Civista Bancshares
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Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.
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