Civista Bancshares Inc (CIVB) Given Average Recommendation of “Hold” by Analysts

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Civista Bancshares Inc (NASDAQ:CIVB) has been given an average rating of “Hold” by the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of research analysts have commented on CIVB shares. Zacks Investment Research lowered Civista Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. BidaskClub lowered Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Civista Bancshares in a report on Monday, July 30th. Hovde Group reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Civista Bancshares in a report on Thursday, August 2nd. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Civista Bancshares in a report on Monday, July 30th.

Shares of CIVB stock traded up $0.08 during trading on Friday, reaching $23.67. 100 shares of the company’s stock were exchanged, compared to its average volume of 16,275. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $260.82 million, a PE ratio of 17.86, a PEG ratio of 1.76 and a beta of 0.42. Civista Bancshares has a twelve month low of $19.56 and a twelve month high of $25.88.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Friday, July 27th. The bank reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $19.16 million for the quarter, compared to analyst estimates of $19.47 million. Civista Bancshares had a return on equity of 12.18% and a net margin of 22.09%. sell-side analysts predict that Civista Bancshares will post 1.72 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Monarch Partners Asset Management LLC lifted its position in shares of Civista Bancshares by 55.8% during the 1st quarter. Monarch Partners Asset Management LLC now owns 35,490 shares of the bank’s stock valued at $811,000 after acquiring an additional 12,710 shares during the period. BlackRock Inc. lifted its position in shares of Civista Bancshares by 3.5% during the 1st quarter. BlackRock Inc. now owns 480,500 shares of the bank’s stock valued at $10,983,000 after acquiring an additional 16,092 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Civista Bancshares by 84.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 103,783 shares of the bank’s stock valued at $2,372,000 after acquiring an additional 47,572 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Civista Bancshares by 9.8% during the 1st quarter. Russell Investments Group Ltd. now owns 117,940 shares of the bank’s stock valued at $2,698,000 after acquiring an additional 10,502 shares during the period. Finally, RMB Capital Management LLC lifted its position in shares of Civista Bancshares by 14.7% during the 1st quarter. RMB Capital Management LLC now owns 498,936 shares of the bank’s stock valued at $11,406,000 after acquiring an additional 64,053 shares during the period. 53.83% of the stock is currently owned by hedge funds and other institutional investors.

About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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Analyst Recommendations for Civista Bancshares (NASDAQ:CIVB)

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