Civista Bancshares (NASDAQ:CIVB – Get Rating) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.
Several other research firms have also commented on CIVB. DA Davidson reiterated a "buy" rating on shares of Civista Bancshares in a research note on Wednesday, July 27th. Hovde Group lowered Civista Bancshares from an "outperform" rating to a "market perform" rating and set a $25.00 target price for the company. in a research note on Friday, July 29th. Finally, Stephens upped their target price on Civista Bancshares to $27.00 in a research note on Tuesday, August 23rd.
Get Civista Bancshares alerts:Civista Bancshares Stock Up 0.4 %
Shares of NASDAQ:CIVB opened at $21.23 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59. Civista Bancshares has a 52-week low of $20.10 and a 52-week high of $25.94. The stock's fifty day simple moving average is $21.65 and its 200-day simple moving average is $22.00. The company has a market capitalization of $327.35 million, a P/E ratio of 8.60 and a beta of 0.83.
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, beating the consensus estimate of $0.52 by $0.01. Civista Bancshares had a return on equity of 11.04% and a net margin of 28.80%. The business had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.90 million. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, equities research analysts forecast that Civista Bancshares will post 2.42 earnings per share for the current fiscal year.Institutional Investors Weigh In On Civista Bancshares
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Civista Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 680,374 shares of the bank's stock worth $16,397,000 after buying an additional 4,800 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Civista Bancshares by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 600,664 shares of the bank's stock worth $14,476,000 after buying an additional 26,426 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Civista Bancshares by 8.8% in the first quarter. The Manufacturers Life Insurance Company now owns 576,602 shares of the bank's stock worth $13,896,000 after buying an additional 46,686 shares during the period. Wellington Management Group LLP boosted its position in shares of Civista Bancshares by 8.9% in the first quarter. Wellington Management Group LLP now owns 509,159 shares of the bank's stock worth $12,271,000 after buying an additional 41,700 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of Civista Bancshares by 11.2% in the second quarter. Pacific Ridge Capital Partners LLC now owns 279,636 shares of the bank's stock worth $5,945,000 after buying an additional 28,158 shares during the period. 52.59% of the stock is currently owned by institutional investors and hedge funds.
Civista Bancshares Company Profile
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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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