Civista Bancshares, Inc. (NASDAQ:CIVB) Given Average Rating of “Hold” by Brokerages

Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.60.

Several research analysts have commented on CIVB shares. Keefe, Bruyette & Woods lifted their price target on Civista Bancshares from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Civista Bancshares in a report on Monday, December 29th. DA Davidson reiterated a “buy” rating and issued a $26.00 price target on shares of Civista Bancshares in a research report on Friday, November 21st. Finally, Zacks Research raised shares of Civista Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th.

Civista Bancshares Price Performance

Shares of CIVB opened at $22.21 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.96. Civista Bancshares has a 1-year low of $17.47 and a 1-year high of $25.59. The stock has a market cap of $428.88 million, a PE ratio of 8.29 and a beta of 0.70. The firm has a fifty day moving average price of $22.66 and a 200 day moving average price of $21.68.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Wednesday, November 5th. The bank reported $0.71 EPS for the quarter. Civista Bancshares had a return on equity of 10.20% and a net margin of 17.42%.The business had revenue of $44.18 million for the quarter. As a group, sell-side analysts anticipate that Civista Bancshares will post 2.28 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Civista Bancshares’s dividend payout ratio (DPR) is currently 25.37%.

Institutional Trading of Civista Bancshares

A number of hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP increased its holdings in shares of Civista Bancshares by 7.4% in the first quarter. Trexquant Investment LP now owns 42,823 shares of the bank’s stock valued at $837,000 after purchasing an additional 2,955 shares during the period. AQR Capital Management LLC grew its position in Civista Bancshares by 28.0% in the 1st quarter. AQR Capital Management LLC now owns 35,012 shares of the bank’s stock valued at $684,000 after buying an additional 7,652 shares during the last quarter. Empowered Funds LLC increased its stake in Civista Bancshares by 22.7% in the 1st quarter. Empowered Funds LLC now owns 64,535 shares of the bank’s stock valued at $1,261,000 after buying an additional 11,918 shares during the period. Jane Street Group LLC acquired a new position in Civista Bancshares in the 1st quarter valued at $453,000. Finally, Mendon Capital Advisors Corp raised its position in Civista Bancshares by 3.8% during the 1st quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank’s stock worth $4,916,000 after buying an additional 9,153 shares during the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.

About Civista Bancshares

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.