Civista Bancshares Inc (NASDAQ:CIVB) has received a consensus rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $24.92.
A number of equities research analysts recently weighed in on CIVB shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $25.50 target price on shares of Civista Bancshares in a report on Friday, December 22nd. Boenning Scattergood restated a “buy” rating and issued a $24.00 target price on shares of Civista Bancshares in a report on Monday, January 29th. Zacks Investment Research upgraded shares of Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, January 2nd. Hovde Group set a $24.00 price objective on shares of Civista Bancshares and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine lowered shares of Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th.
A number of large investors have recently bought and sold shares of CIVB. Schwab Charles Investment Management Inc. purchased a new stake in Civista Bancshares in the 2nd quarter valued at about $355,000. Bank of New York Mellon Corp increased its stake in Civista Bancshares by 255.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 42,714 shares of the bank’s stock valued at $892,000 after buying an additional 30,689 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Civista Bancshares by 272.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock valued at $209,000 after buying an additional 7,315 shares during the last quarter. Teachers Advisors LLC purchased a new stake in Civista Bancshares in the 2nd quarter valued at about $372,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in Civista Bancshares in the 2nd quarter valued at about $563,000. Hedge funds and other institutional investors own 43.32% of the company’s stock.
Shares of Civista Bancshares (CIVB) opened at $21.73 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares has a fifty-two week low of $18.82 and a fifty-two week high of $23.76. The firm has a market cap of $220.08, a PE ratio of 15.98, a P/E/G ratio of 1.65 and a beta of 0.42.
Civista Bancshares (NASDAQ:CIVB) last posted 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. Civista Bancshares had a net margin of 21.18% and a return on equity of 10.18%. The company had revenue of $18.19 million for the quarter, compared to analyst estimates of $17.71 million. analysts expect that Civista Bancshares will post 1.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Tuesday, January 23rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, January 22nd. This represents a $0.28 annualized dividend and a yield of 1.29%. Civista Bancshares’s dividend payout ratio (DPR) is 21.54%.
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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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