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

Civista Bancshares, Inc. (NASDAQ:CIVBGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $30.25.

Several analysts have issued reports on CIVB shares. DA Davidson lifted their price target on Civista Bancshares from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Civista Bancshares in a research report on Wednesday, July 8th. Piper Sandler increased their price objective on Civista Bancshares from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $31.00 target price (up from $29.00) on shares of Civista Bancshares in a research report on Friday, July 24th. Finally, Wall Street Zen cut Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th.

Check Out Our Latest Stock Analysis on CIVB

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $28.36 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 0.95. Civista Bancshares has a 52 week low of $19.67 and a 52 week high of $29.97. The company’s 50 day moving average price is $28.09 and its two-hundred day moving average price is $25.49. The company has a market capitalization of $589.60 million, a P/E ratio of 10.50 and a beta of 0.66.

Civista Bancshares (NASDAQ:CIVBGet Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. Civista Bancshares had a net margin of 20.79% and a return on equity of 10.65%. The company had revenue of $47.60 million during the quarter, compared to the consensus estimate of $48.08 million. On average, analysts expect that Civista Bancshares will post 2.83 earnings per share for the current fiscal year.

Civista Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 4th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. Civista Bancshares’s dividend payout ratio (DPR) is 26.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in Civista Bancshares by 57.5% in the 4th quarter. NewEdge Advisors LLC now owns 1,317 shares of the bank’s stock valued at $29,000 after buying an additional 481 shares during the last quarter. Federated Hermes Inc. lifted its position in Civista Bancshares by 306.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock worth $31,000 after buying an additional 1,015 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Civista Bancshares by 628.2% during the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank’s stock worth $75,000 after buying an additional 2,783 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Civista Bancshares by 111.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank’s stock worth $81,000 after buying an additional 2,107 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Civista Bancshares in the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 52.10% of the company’s stock.

About Civista Bancshares

(Get Free Report)

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.

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Analyst Recommendations for Civista Bancshares (NASDAQ:CIVB)

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