Civista Bancshares (CIVB) Rating Lowered to Buy at BidaskClub

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

Several other equities analysts have also commented on CIVB. Boenning Scattergood set a $24.00 price target on shares of Civista Bancshares and gave the stock a “buy” rating in a research report on Thursday, March 15th. Sandler O’Neill set a $26.00 price target on shares of Civista Bancshares and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Zacks Investment Research lowered shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. DA Davidson increased their price objective on shares of Civista Bancshares from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, April 30th. Finally, ValuEngine lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $25.50.

Shares of Civista Bancshares opened at $24.97 on Friday, MarketBeat.com reports. Civista Bancshares has a one year low of $18.82 and a one year high of $25.67. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $269.99 million, a P/E ratio of 18.77, a P/E/G ratio of 1.81 and a beta of 0.39.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, April 27th. The bank reported $0.55 EPS for the quarter, topping the consensus estimate of $0.46 by $0.09. Civista Bancshares had a net margin of 23.47% and a return on equity of 11.29%. The firm had revenue of $20.39 million during the quarter, compared to analyst estimates of $19.51 million. research analysts anticipate that Civista Bancshares will post 1.74 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Hamilton Capital Management Inc. acquired a new stake in shares of Civista Bancshares in the fourth quarter worth $392,000. SG Americas Securities LLC acquired a new stake in shares of Civista Bancshares in the fourth quarter worth $132,000. Cardinal Capital Management LLC CT increased its position in shares of Civista Bancshares by 30.9% in the fourth quarter. Cardinal Capital Management LLC CT now owns 23,360 shares of the bank’s stock worth $514,000 after acquiring an additional 5,520 shares in the last quarter. Context BH Capital Management LP increased its position in shares of Civista Bancshares by 50.7% in the fourth quarter. Context BH Capital Management LP now owns 86,453 shares of the bank’s stock worth $1,902,000 after acquiring an additional 29,073 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Civista Bancshares by 3.8% in the fourth quarter. Renaissance Technologies LLC now owns 245,700 shares of the bank’s stock worth $5,405,000 after acquiring an additional 8,900 shares in the last quarter. 49.19% of the stock is owned by institutional investors.

About Civista Bancshares

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.

Analyst Recommendations for Civista Bancshares (NASDAQ:CIVB)

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