Civista Bancshares (NASDAQ:CIVB) Given a $26.00 Price Target by DA Davidson Analysts

Civista Bancshares (NASDAQ:CIVB - Get Free Report) has been assigned a $26.00 price target by equities researchers at DA Davidson in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the bank's stock. DA Davidson's target price would indicate a potential upside of 19.90% from the stock's previous close.

A number of other research firms have also recently issued reports on CIVB. Stephens lifted their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Piper Sandler increased their price objective on Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Wall Street Zen cut Civista Bancshares from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Civista Bancshares presently has an average rating of "Moderate Buy" and an average price target of $25.00.

Civista Bancshares Stock Performance

NASDAQ CIVB traded up $0.26 on Monday, reaching $21.69. 46,221 shares of the stock were exchanged, compared to its average volume of 52,280. The firm has a market capitalization of $336.55 million, a PE ratio of 9.55 and a beta of 0.69. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. Civista Bancshares has a one year low of $14.90 and a one year high of $25.59. The company's 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $21.27.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.16. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. The firm had revenue of $40.63 million during the quarter, compared to analyst estimates of $40.33 million. Analysts expect that Civista Bancshares will post 2.28 EPS for the current fiscal year.

Insider Transactions at Civista Bancshares

In related news, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were acquired at an average price of $22.44 per share, for a total transaction of $137,848.92. Following the completion of the acquisition, the chairman owned 19,162 shares of the company's stock, valued at approximately $429,995.28. The trade was a 47.18% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Civista Bancshares

A number of large investors have recently added to or reduced their stakes in CIVB. Vanguard Group Inc. boosted its holdings in shares of Civista Bancshares by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 857,968 shares of the bank's stock valued at $18,052,000 after purchasing an additional 12,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Civista Bancshares by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 833,047 shares of the bank's stock valued at $17,527,000 after purchasing an additional 23,809 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Civista Bancshares by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 351,624 shares of the bank's stock valued at $7,399,000 after purchasing an additional 3,272 shares in the last quarter. Mendon Capital Advisors Corp boosted its holdings in shares of Civista Bancshares by 3.8% in the 1st quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank's stock valued at $4,916,000 after purchasing an additional 9,153 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Civista Bancshares by 13.8% in the 1st quarter. American Century Companies Inc. now owns 217,777 shares of the bank's stock valued at $4,255,000 after purchasing an additional 26,461 shares in the last quarter. Institutional investors and hedge funds own 52.10% of the company's stock.

About Civista Bancshares

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.