Civista Bancshares (NASDAQ:CIVB - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.
CIVB has been the subject of a number of other research reports. Stephens increased their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Keefe, Bruyette & Woods upped their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Piper Sandler increased their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $25.20.
Get Our Latest Stock Analysis on CIVB
Civista Bancshares Stock Performance
Shares of CIVB stock traded up $0.55 during trading hours on Friday, reaching $23.72. 321,619 shares of the company's stock were exchanged, compared to its average volume of 50,060. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.97. The company's 50 day moving average is $22.38 and its two-hundred day moving average is $21.11. The company has a market cap of $368.13 million, a P/E ratio of 10.45 and a beta of 0.69. Civista Bancshares has a 1 year low of $14.33 and a 1 year high of $24.24.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.16. Civista Bancshares had a return on equity of 9.13% and a net margin of 14.35%. The firm had revenue of $40.63 million for the quarter, compared to analyst estimates of $40.33 million. Equities research analysts anticipate that Civista Bancshares will post 2.28 EPS for the current fiscal year.
Insider Activity at Civista Bancshares
In related news, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the stock in a transaction on Tuesday, April 29th. The shares were purchased at an average price of $22.44 per share, for a total transaction of $137,848.92. Following the acquisition, the chairman now owns 19,162 shares in the company, valued at $429,995.28. This represents a 47.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by corporate insiders.
Institutional Trading of Civista Bancshares
Several institutional investors and hedge funds have recently made changes to their positions in CIVB. CWM LLC increased its position in Civista Bancshares by 43.7% during the 1st quarter. CWM LLC now owns 3,084 shares of the bank's stock worth $60,000 after purchasing an additional 938 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Civista Bancshares by 4,003.0% during the 1st quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock worth $80,000 after purchasing an additional 4,003 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Civista Bancshares by 103.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock worth $108,000 after purchasing an additional 2,609 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Civista Bancshares by 77.0% during the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock worth $162,000 after buying an additional 3,347 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Civista Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock valued at $189,000 after buying an additional 1,960 shares during the last quarter. 52.10% of the stock is currently owned by hedge funds and other institutional investors.
About Civista Bancshares
(
Get Free Report)
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.
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