Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.12 and traded as high as $22.09. Civista Bancshares shares last traded at $21.95, with a volume of 26,040 shares changing hands.
Analyst Ratings Changes
Several research analysts have weighed in on CIVB shares. Piper Sandler increased their price target 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. Keefe, Bruyette & Woods increased their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Stephens boosted their price target on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Finally, Wall Street Zen downgraded shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $25.20.
Read Our Latest Stock Analysis on CIVB
Civista Bancshares Price Performance
The business's fifty day moving average price is $21.88 and its 200-day moving average price is $21.12. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $340.66 million, a P/E ratio of 9.67 and a beta of 0.69.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $40.63 million for the quarter, compared to analyst estimates of $40.33 million. As a group, sell-side analysts predict that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.
Civista Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were given a $0.17 dividend. The ex-dividend date was Tuesday, April 29th. This represents a $0.68 annualized dividend and a yield of 3.10%. Civista Bancshares's dividend payout ratio (DPR) is presently 29.96%.
Insider Buying and Selling
In other Civista Bancshares news, Chairman Dennis E. Murray, Jr. purchased 6,143 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were acquired at an average cost of $22.44 per share, with a total value of $137,848.92. Following the completion of the acquisition, the chairman now directly owns 19,162 shares in the company, valued at $429,995.28. The trade was 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 currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CIVB. Nuveen Asset Management LLC boosted its position in Civista Bancshares by 166.8% during the 4th quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank's stock valued at $1,950,000 after acquiring an additional 57,950 shares in the last quarter. Man Group plc acquired a new stake in shares of Civista Bancshares during the fourth quarter worth $282,000. Lazard Asset Management LLC purchased a new stake in Civista Bancshares during the 4th quarter valued at about $263,000. Arrowstreet Capital Limited Partnership raised its position in Civista Bancshares by 210.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after buying an additional 101,610 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Civista Bancshares by 23.3% during the fourth quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank's stock valued at $776,000 after purchasing an additional 6,968 shares during the period. Institutional investors own 52.10% of the company's stock.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Civista Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Civista Bancshares wasn't on the list.
While Civista Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
