Civista Bancshares Inc (NASDAQ:CIVB) has been given an average recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $24.92.
Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $25.50 target price on shares of Civista Bancshares in a research report on Friday, December 22nd. Zacks Investment Research cut shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. ValuEngine cut shares of Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. Hovde Group set a $24.00 target price on shares of Civista Bancshares and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, Boenning Scattergood reissued a “buy” rating and issued a $24.00 target price on shares of Civista Bancshares in a research report on Monday, January 29th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. purchased a new position in Civista Bancshares in the second quarter valued at approximately $124,000. SG Americas Securities LLC purchased a new position in Civista Bancshares in the fourth quarter valued at approximately $132,000. JPMorgan Chase & Co. raised its holdings in Civista Bancshares by 272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock valued at $209,000 after buying an additional 7,315 shares during the period. Keybank National Association OH purchased a new position in Civista Bancshares in the third quarter valued at approximately $213,000. Finally, New York State Common Retirement Fund purchased a new position in Civista Bancshares in the second quarter valued at approximately $221,000. Hedge funds and other institutional investors own 43.32% of the company’s stock.
Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Friday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10. Civista Bancshares had a net margin of 21.18% and a return on equity of 10.18%. The business had revenue of $18.19 million for the quarter, compared to analysts’ expectations of $17.71 million. research analysts expect that Civista Bancshares will post 1.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Tuesday, January 23rd were issued a $0.07 dividend. The ex-dividend date was Monday, January 22nd. This represents a $0.28 annualized dividend and a yield of 1.26%. Civista Bancshares’s payout ratio is 21.54%.
TRADEMARK VIOLATION NOTICE: “Civista Bancshares Inc (CIVB) Receives $24.92 Average PT from Analysts” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/02/18/civista-bancshares-inc-civb-receives-24-92-average-pt-from-analysts.html.
About Civista Bancshares
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.