Wall Street Zen cut shares of Civista Bancshares (NASDAQ:CIVB - Free Report) from a buy rating to a hold rating in a report released on Friday morning.
A number of other research analysts have also commented on the company. DA Davidson set a $27.00 price objective on Civista Bancshares in a report on Friday, January 31st. Stephens boosted their target price on Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods raised their price target on Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Finally, Piper Sandler lifted 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.20.
Read Our Latest Report on Civista Bancshares
Civista Bancshares Trading Down 2.1%
Shares of NASDAQ CIVB traded down $0.48 during mid-day trading on Friday, hitting $22.60. The stock had a trading volume of 27,349 shares, compared to its average volume of 48,698. The business has a 50 day moving average price of $21.20 and a two-hundred day moving average price of $21.16. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $24.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $350.73 million, a P/E ratio of 11.19 and a beta of 0.69.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.50 by $0.16. The firm had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. On average, equities analysts anticipate that Civista Bancshares will post 2.28 EPS for the current fiscal year.
Civista Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, April 29th. This represents a $0.68 annualized dividend and a yield of 3.01%. Civista Bancshares's payout ratio is 29.96%.
Insiders Place Their Bets
In other news, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of the stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $22.44 per share, with a total value of $137,848.92. Following the completion of the transaction, the chairman now owns 19,162 shares of the company's stock, valued at $429,995.28. This represents a 47.18% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.60% of the company's stock.
Institutional Trading of Civista Bancshares
Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake in Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank's stock worth $60,000 after acquiring an additional 938 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Civista Bancshares by 4,003.0% in 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 in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Civista Bancshares by 103.9% in 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 in the last quarter. SG Americas Securities LLC grew its stake in shares of Civista Bancshares by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank's stock worth $139,000 after buying an additional 892 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Civista Bancshares by 77.0% during the 4th quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock valued at $162,000 after buying an additional 3,347 shares in the last quarter. 52.10% of the stock is owned by hedge funds and other institutional investors.
Civista Bancshares Company Profile
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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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