Civista Bancshares (NASDAQ:CIVB) received a $26.00 price target from analysts at Sandler O’Neill in a report released on Wednesday, March 14th. The firm presently has a “buy” rating on the bank’s stock. Sandler O’Neill’s target price would suggest a potential upside of 13.44% from the stock’s current price.
Several other brokerages have also commented on CIVB. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $25.50 price objective on shares of Civista Bancshares in a report on Friday, December 22nd. Boenning Scattergood reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a report on Monday, January 29th. Zacks Investment Research raised Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, January 2nd. Hovde Group set a $24.00 price objective on Civista Bancshares and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, ValuEngine lowered Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.08.
Civista Bancshares stock opened at $22.92 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. Civista Bancshares has a 12 month low of $18.82 and a 12 month high of $24.69. The firm has a market capitalization of $238.38, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.39.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Civista Bancshares had a return on equity of 10.08% and a net margin of 21.18%. The company had revenue of $18.19 million during the quarter, compared to analyst estimates of $17.71 million. equities research analysts forecast that Civista Bancshares will post 1.6 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIVB. SG Americas Securities LLC purchased a new position in Civista Bancshares during the fourth quarter valued at $132,000. Keybank National Association OH purchased a new position in Civista Bancshares during the third quarter valued at $213,000. New York State Common Retirement Fund purchased a new position in Civista Bancshares during the second quarter valued at $221,000. California State Teachers Retirement System purchased a new position in Civista Bancshares during the second quarter valued at $367,000. Finally, Teachers Advisors LLC purchased a new position in Civista Bancshares during the second quarter valued at $372,000. Institutional investors own 45.22% of the company’s stock.
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Civista Bancshares Company Profile
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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