Civista Bancshares Inc (NASDAQ:CIVB) – Analysts at Boenning Scattergood cut their Q3 2018 earnings per share estimates for shares of Civista Bancshares in a research note issued on Monday. Boenning Scattergood analyst S. Beury now anticipates that the bank will earn $0.36 per share for the quarter, down from their previous estimate of $0.37. Boenning Scattergood currently has a “Buy” rating and a $24.00 target price on the stock.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Friday, January 26th. The bank reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.10. The business had revenue of $18.19 million during the quarter, compared to the consensus estimate of $17.71 million. Civista Bancshares had a return on equity of 10.18% and a net margin of 21.18%.

Several other research firms also recently commented on CIVB. Keefe, Bruyette & Woods restated a “buy” rating and set a $24.00 price objective on shares of Civista Bancshares in a report on Wednesday, October 4th. ValuEngine downgraded Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Sandler O’Neill restated a “buy” rating and set a $25.00 price objective (up previously from $23.50) on shares of Civista Bancshares in a report on Friday, October 6th. Finally, Hovde Group set a $24.00 target price on Civista Bancshares and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $24.92.

Civista Bancshares (CIVB) traded up $0.21 during midday trading on Wednesday, hitting $22.68. The stock had a trading volume of 3,564 shares, compared to its average volume of 18,955. The company has a market capitalization of $224.88, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 1.89 and a beta of 0.55. Civista Bancshares has a 52-week low of $18.82 and a 52-week high of $23.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Tuesday, January 23rd will be given a dividend of $0.07 per share. The ex-dividend date is Monday, January 22nd. This represents a $0.28 annualized dividend and a dividend yield of 1.23%. Civista Bancshares’s payout ratio is 21.54%.

Several large investors have recently made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. purchased a new position in Civista Bancshares in the second quarter worth $124,000. SG Americas Securities LLC purchased a new position in Civista Bancshares in the fourth quarter worth $132,000. JPMorgan Chase & Co. boosted its position in Civista Bancshares by 272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock worth $209,000 after purchasing an additional 7,315 shares during the last quarter. Keybank National Association OH purchased a new position in Civista Bancshares in the third quarter worth $213,000. Finally, Rhumbline Advisers purchased a new position in Civista Bancshares in the second quarter worth $216,000. 43.76% of the stock is currently owned by institutional investors.

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About Civista Bancshares

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

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