Civista Bancshares (NASDAQ:CIVB) Rating Reiterated by Keefe, Bruyette & Woods

Civista Bancshares (NASDAQ:CIVB)‘s stock had its “outperform” rating restated by equities researchers at Keefe, Bruyette & Woods in a report released on Tuesday, Benzinga reports. They currently have a $19.00 target price on the bank’s stock, up from their prior target price of $18.00. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 5.85% from the stock’s current price.

Separately, Hovde Group assumed coverage on Civista Bancshares in a research report on Monday, April 1st. They set a “market perform” rating and a $16.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.00.

Civista Bancshares Stock Down 1.1 %

Civista Bancshares stock opened at $17.95 on Tuesday. Civista Bancshares has a twelve month low of $13.60 and a twelve month high of $19.00. The stock’s fifty day simple moving average is $15.34 and its 200-day simple moving average is $15.33. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $282.35 million, a P/E ratio of 7.70 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Civista Bancshares had a return on equity of 9.34% and a net margin of 14.48%. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. As a group, equities analysts expect that Civista Bancshares will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Civista Bancshares

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in Civista Bancshares by 41.1% in the fourth quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after buying an additional 5,440 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Civista Bancshares by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock worth $156,000 after purchasing an additional 1,736 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Civista Bancshares by 60.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,890 shares of the bank’s stock worth $643,000 after purchasing an additional 13,115 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Civista Bancshares during the fourth quarter worth about $109,000. Finally, Empowered Funds LLC grew its holdings in shares of Civista Bancshares by 8.1% during the first quarter. Empowered Funds LLC now owns 44,169 shares of the bank’s stock worth $679,000 after purchasing an additional 3,325 shares during the last quarter. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Company Profile

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.