Stephens initiated coverage on shares of Civista Bancshares (NASDAQ:CIVB) in a research report issued on Tuesday, The Fly reports. The firm set an "overweight" rating and a $19.00 price target on the bank's stock. Stephens' target price would suggest a potential upside of 23.78% from the company's previous close.
A number of other analysts have also weighed in on CIVB. TheStreet lowered shares of Civista Bancshares from a "b-" rating to a "c" rating in a report on Monday, April 13th. ValuEngine lowered shares of Civista Bancshares from a "hold" rating to a "sell" rating in a report on Thursday, April 2nd. DA Davidson started coverage on shares of Civista Bancshares in a report on Thursday, April 9th. They issued a "neutral" rating and a $14.00 price target for the company. BidaskClub raised shares of Civista Bancshares from a "strong sell" rating to a "sell" rating in a report on Wednesday, June 10th. Finally, Zacks Investment Research raised shares of Civista Bancshares from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $20.20.
NASDAQ CIVB opened at $15.35 on Tuesday. The firm has a market cap of $246.19 million, a price-to-earnings ratio of 8.04 and a beta of 0.97. The company has a 50 day moving average of $15.09 and a 200-day moving average of $17.84. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. Civista Bancshares has a 1-year low of $11.62 and a 1-year high of $24.32.
Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Friday, April 24th. The bank reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.47. The company had revenue of $28.99 million during the quarter, compared to analyst estimates of $28.25 million. Civista Bancshares had a net margin of 26.37% and a return on equity of 9.91%. On average, analysts forecast that Civista Bancshares will post 1.43 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Seidman Lawrence B acquired a new stake in Civista Bancshares during the 1st quarter worth $194,000. Meeder Asset Management Inc. grew its holdings in Civista Bancshares by 315.6% during the 1st quarter. Meeder Asset Management Inc. now owns 6,355 shares of the bank's stock worth $95,000 after acquiring an additional 4,826 shares during the period. Invesco Ltd. grew its holdings in Civista Bancshares by 30.3% during the 1st quarter. Invesco Ltd. now owns 17,926 shares of the bank's stock worth $268,000 after acquiring an additional 4,172 shares during the period. Two Sigma Advisers LP boosted its position in shares of Civista Bancshares by 42.7% during the first quarter. Two Sigma Advisers LP now owns 25,400 shares of the bank's stock worth $380,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Civista Bancshares by 12.6% during the first quarter. Geode Capital Management LLC now owns 223,339 shares of the bank's stock worth $3,341,000 after purchasing an additional 25,071 shares in the last quarter. 53.51% of the stock is owned by hedge funds and other institutional investors.
Civista Bancshares Company Profile
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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