Civista Bancshares, Inc. (NASDAQ:CIVB)‘s stock had its “buy” rating restated by analysts at Keefe, Bruyette & Woods in a research report issued on Sunday, July 30th. They presently have a $24.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 22.32% from the stock’s previous close.
CIVB has been the topic of several other reports. 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. Zacks Investment Research raised Civista Bancshares from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Tuesday, May 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $24.50 target price on shares of Civista Bancshares in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Civista Bancshares currently has an average rating of “Hold” and an average price target of $22.65.
Shares of Civista Bancshares (NASDAQ CIVB) opened at 19.62 on Friday. The company has a market capitalization of $199.54 million, a price-to-earnings ratio of 14.57 and a beta of 0.47. Civista Bancshares has a one year low of $13.91 and a one year high of $23.75. The company’s 50-day moving average price is $20.57 and its 200-day moving average price is $21.29.
Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Friday, July 28th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by $0.04. Civista Bancshares had a net margin of 21.97% and a return on equity of 11.19%. The business had revenue of $17.47 million for the quarter, compared to analysts’ expectations of $17.70 million. On average, equities research analysts predict that Civista Bancshares will post $1.27 earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. FNY Partners Fund LP acquired a new stake in Civista Bancshares during the first quarter worth approximately $110,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in Civista Bancshares during the second quarter worth approximately $124,000. JPMorgan Chase & Co. boosted its stake in Civista Bancshares by 272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock worth $209,000 after buying an additional 7,315 shares in the last quarter. Keybank National Association OH acquired a new stake in Civista Bancshares during the first quarter worth approximately $211,000. Finally, Rhumbline Advisers acquired a new stake in Civista Bancshares during the second quarter worth approximately $216,000. 35.50% of the stock is currently owned by institutional investors and hedge funds.
About Civista Bancshares
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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