Civista Bancshares (NASDAQ:CIVB) Rating Increased to Buy at StockNews.com

Civista Bancshares (NASDAQ:CIVBGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts have also weighed in on CIVB. Hovde Group lowered shares of Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $25.00 target price on the stock. in a report on Friday, July 29th. DA Davidson restated a “buy” rating on shares of Civista Bancshares in a report on Wednesday, July 27th. Finally, Stephens boosted their price objective on shares of Civista Bancshares to $27.00 in a report on Tuesday, August 23rd.

Civista Bancshares Stock Down 1.3 %

Shares of NASDAQ CIVB opened at $20.94 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. The stock has a market capitalization of $322.87 million, a PE ratio of 8.52 and a beta of 0.83. The firm has a fifty day moving average of $21.65 and a 200-day moving average of $21.99. Civista Bancshares has a 52-week low of $20.10 and a 52-week high of $25.94.

Civista Bancshares (NASDAQ:CIVBGet Rating) last posted its earnings results on Thursday, July 28th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $29.90 million for the quarter, compared to analyst estimates of $30.90 million. Civista Bancshares had a net margin of 28.80% and a return on equity of 11.04%. During the same quarter in the previous year, the business posted $0.59 EPS. On average, analysts anticipate that Civista Bancshares will post 2.42 EPS for the current year.

Hedge Funds Weigh In On Civista Bancshares

A number of institutional investors have recently added to or reduced their stakes in CIVB. Dimensional Fund Advisors LP lifted its holdings in Civista Bancshares by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 574,238 shares of the bank’s stock worth $14,011,000 after buying an additional 7,691 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Civista Bancshares by 61.4% in the 4th quarter. BNP Paribas Arbitrage SA now owns 6,386 shares of the bank’s stock worth $156,000 after purchasing an additional 2,429 shares during the last quarter. PEAK6 Investments LLC bought a new stake in shares of Civista Bancshares in the 4th quarter worth about $652,000. Janney Montgomery Scott LLC bought a new stake in shares of Civista Bancshares in the 1st quarter worth about $406,000. Finally, Russell Investments Group Ltd. increased its position in shares of Civista Bancshares by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 126,279 shares of the bank’s stock worth $3,040,000 after purchasing an additional 21,642 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Civista Bancshares Company Profile

(Get Rating)

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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