Boenning Scattergood set a $24.00 target price on Civista Bancshares (NASDAQ:CIVB) in a research note released on Thursday, March 15th. The firm currently has a buy rating on the bank’s stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded Civista Bancshares from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a buy rating and set a $27.00 price objective on shares of Civista Bancshares in a research report on Friday, January 26th. Hovde Group set a $24.00 price target on Civista Bancshares and gave the stock a hold rating in a research note on Wednesday, January 3rd. Finally, ValuEngine downgraded Civista Bancshares from a strong-buy rating to a buy rating in a research note 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 company has a consensus rating of Buy and a consensus target price of $25.08.
CIVB traded down $0.43 during trading hours on Thursday, hitting $22.92. 12,122 shares of the stock were exchanged, compared to its average volume of 60,611. Civista Bancshares has a 12 month low of $18.82 and a 12 month high of $24.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $233.99, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.79 and a beta of 0.39.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The company had revenue of $18.19 million for the quarter, compared to analyst estimates of $17.71 million. Civista Bancshares had a return on equity of 10.08% and a net margin of 21.18%. research analysts anticipate that Civista Bancshares will post 1.6 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of CIVB. BlackRock Inc. increased its position in Civista Bancshares by 1.0% in the 4th quarter. BlackRock Inc. now owns 464,408 shares of the bank’s stock worth $10,217,000 after buying an additional 4,612 shares during the period. Vanguard Group Inc. increased its position in Civista Bancshares by 33.0% in the 2nd quarter. Vanguard Group Inc. now owns 379,286 shares of the bank’s stock worth $7,920,000 after buying an additional 94,047 shares during the period. Castine Capital Management LLC increased its position in Civista Bancshares by 45.8% in the 3rd quarter. Castine Capital Management LLC now owns 334,843 shares of the bank’s stock worth $7,480,000 after buying an additional 105,228 shares during the period. Kennedy Capital Management Inc. increased its position in Civista Bancshares by 9.0% in the 4th quarter. Kennedy Capital Management Inc. now owns 267,525 shares of the bank’s stock worth $5,886,000 after buying an additional 22,068 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Civista Bancshares by 3.8% during the 4th quarter. Renaissance Technologies LLC now owns 245,700 shares of the bank’s stock worth $5,405,000 after purchasing an additional 8,900 shares in the last quarter. 45.22% of the stock is currently owned by institutional investors and hedge funds.
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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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