Media headlines about Civista Bancshares (NASDAQ:CIVB) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Civista Bancshares earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.2698621117595 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods restated a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a report on Wednesday, October 4th. Sandler O’Neill reiterated a “buy” rating and set a $25.00 price target (up previously from $23.50) on shares of Civista Bancshares in a report on Friday, October 6th. Zacks Investment Research upgraded Civista Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. DA Davidson reiterated a “neutral” rating and set a $24.50 price target on shares of Civista Bancshares in a report on Tuesday, July 4th. Finally, Boenning Scattergood set a $24.00 price target on Civista Bancshares and gave the company a “buy” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Civista Bancshares has a consensus rating of “Buy” and an average target price of $24.38.
Shares of Civista Bancshares (NASDAQ CIVB) opened at 22.20 on Friday. The stock has a 50 day moving average of $21.91 and a 200 day moving average of $21.01. Civista Bancshares has a 52 week low of $14.26 and a 52 week high of $23.75. The firm has a market cap of $225.77 million, a P/E ratio of 16.48 and a beta of 0.51.
Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Friday, July 28th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). Civista Bancshares had a return on equity of 11.19% and a net margin of 21.97%. The firm had revenue of $17.47 million during the quarter, compared to analysts’ expectations of $17.70 million. Equities analysts forecast that Civista Bancshares will post $1.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 17th will be given a $0.07 dividend. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Monday, October 16th. Civista Bancshares’s dividend payout ratio (DPR) is currently 20.59%.
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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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