Civista Bancshares, Inc. (NASDAQ:CIVB) Receives Consensus Rating of “Moderate Buy” from Analysts

Civista Bancshares, Inc. (NASDAQ:CIVB) has earned a consensus rating of “Moderate Buy” from the four research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.40.

CIVB has been the topic of several recent research reports. StockNews.com raised shares of Civista Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. DA Davidson set a $27.00 price target on shares of Civista Bancshares in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price objective on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Stephens restated an “equal weight” rating and issued a $24.00 price objective on shares of Civista Bancshares in a report on Friday, January 31st.

Civista Bancshares Trading Up 0.6 %

Shares of CIVB stock opened at $19.78 on Monday. The company’s 50-day moving average price is $20.80 and its 200-day moving average price is $20.02. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock has a market cap of $311.28 million, a price-to-earnings ratio of 9.79 and a beta of 0.81. Civista Bancshares has a twelve month low of $13.60 and a twelve month high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. As a group, equities analysts predict that Civista Bancshares will post 2.28 earnings per share for the current year.

Civista Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were issued a $0.17 dividend. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 3.44%. The ex-dividend date was Tuesday, February 4th. Civista Bancshares’s payout ratio is 33.66%.

Institutional Trading of Civista Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Civista Bancshares during the third quarter worth about $45,000. SG Americas Securities LLC raised its holdings in Civista Bancshares by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock valued at $139,000 after acquiring an additional 892 shares in the last quarter. Deutsche Bank AG raised its holdings in Civista Bancshares by 77.0% in the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank’s stock valued at $162,000 after acquiring an additional 3,347 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Civista Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank’s stock valued at $189,000 after acquiring an additional 1,960 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in Civista Bancshares in the fourth quarter valued at approximately $202,000. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

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.