Civista Bancshares, Inc. (NASDAQ:CIVB) Receives $20.67 Average PT from Analysts

Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) have earned a consensus rating of “Hold” from the three brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $17.67.

A number of equities analysts have commented on CIVB shares. Stephens reduced their target price on Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Hovde Group initiated coverage on Civista Bancshares in a research note on Monday, April 1st. They issued a “market perform” rating and a $16.00 price objective for the company. TheStreet lowered Civista Bancshares from a “b-” rating to a “c+” rating in a report on Thursday, March 7th. Finally, Piper Sandler began coverage on shares of Civista Bancshares in a report on Wednesday, February 21st. They set a “neutral” rating and a $18.00 target price for the company.

Insider Buying and Selling at Civista Bancshares

In other news, SVP Michael D. Mulford acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $15.82 per share, for a total transaction of $31,640.00. Following the completion of the transaction, the senior vice president now owns 2,000 shares in the company, valued at $31,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Civista Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Civista Bancshares by 74.1% during the 1st quarter. FMR LLC now owns 2,277 shares of the bank’s stock worth $38,000 after purchasing an additional 969 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Civista Bancshares by 294.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,451 shares of the bank’s stock worth $38,000 after buying an additional 1,830 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Civista Bancshares by 244.3% during the third quarter. Tower Research Capital LLC TRC now owns 2,565 shares of the bank’s stock worth $54,000 after buying an additional 1,820 shares during the period. Citigroup Inc. acquired a new stake in shares of Civista Bancshares in the second quarter valued at $83,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Civista Bancshares by 115.6% in the 2nd quarter. Wells Fargo & Company MN now owns 5,888 shares of the bank’s stock valued at $102,000 after buying an additional 3,157 shares during the period. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB opened at $15.02 on Monday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day moving average of $15.43 and a 200 day moving average of $16.03. The firm has a market cap of $235.62 million, a PE ratio of 5.48 and a beta of 0.78. Civista Bancshares has a one year low of $14.02 and a one year high of $19.80.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, February 8th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.06. Civista Bancshares had a net margin of 19.85% and a return on equity of 12.26%. The business had revenue of $38.88 million for the quarter, compared to analyst estimates of $38.40 million. As a group, research analysts predict that Civista Bancshares will post 2.05 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 13th were given a dividend of $0.16 per share. The ex-dividend date was Monday, February 12th. This represents a $0.64 dividend on an annualized basis and a yield of 4.26%. Civista Bancshares’s payout ratio is 23.36%.

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.