Civista Bancshares, Inc. (CIVB) – What Are Analysts Saying About This Stock?

Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.25.

A number of research analysts have weighed in on the stock. Zacks Research cut shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Piper Sandler increased their target price on shares of Civista Bancshares from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. DA Davidson increased their target price on shares of Civista Bancshares from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $31.00 target price (up from $29.00) on shares of Civista Bancshares in a research report on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Civista Bancshares in a research note on Friday, October 2nd.

Institutional Trading of Civista Bancshares

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in shares of Civista Bancshares by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 950,330 shares of the bank’s stock valued at $21,658,000 after buying an additional 40,176 shares in the last quarter. Mendon Capital Advisors Corp lifted its position in shares of Civista Bancshares by 38.3% during the 1st quarter. Mendon Capital Advisors Corp now owns 311,725 shares of the bank’s stock valued at $7,104,000 after buying an additional 86,390 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Civista Bancshares by 6.0% during the 1st quarter. Empowered Funds LLC now owns 82,659 shares of the bank’s stock valued at $1,884,000 after buying an additional 4,667 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Civista Bancshares during the 2nd quarter valued at approximately $2,323,000. Finally, Pinnacle Holdings LLC purchased a new position in shares of Civista Bancshares during the 2nd quarter valued at approximately $1,663,000. 52.10% of the stock is owned by institutional investors and hedge funds.

Civista Bancshares Price Performance

Shares of CIVB opened at $26.41 on Wednesday. The company has a market capitalization of $549.06 million, a price-to-earnings ratio of 9.78 and a beta of 0.66. Civista Bancshares has a 52 week low of $19.82 and a 52 week high of $29.97. The stock’s 50-day moving average price is $27.50 and its 200-day moving average price is $26.50. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.41.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. Civista Bancshares had a return on equity of 10.65% and a net margin of 20.79%. The company had revenue of $47.60 million during the quarter, compared to analysts’ expectations of $48.08 million. On average, sell-side analysts predict that Civista Bancshares will post 2.83 EPS for the current year.

Civista Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, August 4th. This represents a $0.72 dividend on an annualized basis and a yield of 2.7%. Civista Bancshares’s dividend payout ratio is currently 26.67%.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a financial holding company headquartered in Sandusky, Ohio. It operates primarily through Civista Bank, a community banking institution that provides financial services to individuals, families, businesses and public-sector organizations.

Civista Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate, consumer, agricultural and commercial loans.