In a report released today, Manuel Navas from D.A. Davidson reiterated a Buy rating on Civista Bancshares (CIVB – Research Report). The company’s shares closed last Friday at $19.00.
Navas covers the Financial sector, focusing on stocks such as Oceanfirst Financial, Dime Community Bancshares, and City Holding Company. According to TipRanks, Navas has an average return of -2.8% and a 44.12% success rate on recommended stocks.
Currently, the analyst consensus on Civista Bancshares is a Strong Buy with an average price target of $20.00.
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Based on Civista Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $43.67 million and a net profit of $12.89 million. In comparison, last year the company earned a revenue of $30.58 million and had a net profit of $8.47 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CIVB in relation to earlier this year.
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Civista Bancshares, Inc. is a financial holding company that engages in the community banking business. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The firm’s primary deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial and installment loans. Civista Bancshares was founded on February 19, 1987 and is headquartered in Sandusky, OH.
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