Civista Bancshares (NASDAQ:CIVB) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Sandler O’Neill reiterated a “buy” rating and set a $25.00 target price (up from $23.50) on shares of Civista Bancshares in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $24.00 target price on shares of Civista Bancshares in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.38.

Civista Bancshares (NASDAQ:CIVB) opened at $22.40 on Thursday. Civista Bancshares has a 12-month low of $16.78 and a 12-month high of $23.76. The stock has a market cap of $230.47, a P/E ratio of 17.30, a PEG ratio of 2.24 and a beta of 0.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.01). Civista Bancshares had a return on equity of 10.32% and a net margin of 21.56%. The company had revenue of $17.15 million for the quarter, compared to analyst estimates of $17.60 million. research analysts anticipate that Civista Bancshares will post 1.26 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in CIVB. Bank of New York Mellon Corp bought a new stake in shares of Civista Bancshares during the first quarter worth approximately $267,000. Vanguard Group Inc. raised its stake in shares of Civista Bancshares by 115.4% during the first quarter. Vanguard Group Inc. now owns 285,239 shares of the bank’s stock worth $6,321,000 after buying an additional 152,800 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Civista Bancshares by 35.7% during the first quarter. Geode Capital Management LLC now owns 44,830 shares of the bank’s stock worth $993,000 after buying an additional 11,804 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Civista Bancshares by 74.3% during the first quarter. Dimensional Fund Advisors LP now owns 27,657 shares of the bank’s stock worth $613,000 after buying an additional 11,786 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Civista Bancshares by 6.8% during the first quarter. Renaissance Technologies LLC now owns 209,300 shares of the bank’s stock worth $4,638,000 after buying an additional 13,300 shares during the last quarter. Institutional investors own 43.92% of the company’s stock.

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Civista Bancshares Company Profile

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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