Civista Bancshares (NASDAQ:CIVB) Earns Equal Weight Rating from Stephens

Stephens reissued their equal weight rating on shares of Civista Bancshares (NASDAQ:CIVB) in a report released on Friday morning,Benzinga reports. They currently have a $24.00 price objective on the bank’s stock.

A number of other equities research analysts have also recently weighed in on CIVB. Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Civista Bancshares Stock Performance

NASDAQ CIVB opened at $22.06 on Friday. The business’s 50-day simple moving average is $21.48 and its 200-day simple moving average is $19.33. Civista Bancshares has a 1-year low of $13.60 and a 1-year high of $23.69. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $347.22 million, a P/E ratio of 10.98 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. Equities analysts predict that Civista Bancshares will post 1.92 EPS for the current year.

Civista Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, February 4th. Civista Bancshares’s dividend payout ratio is presently 31.84%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Civista Bancshares in the third quarter valued at approximately $45,000. SG Americas Securities LLC acquired a new position in Civista Bancshares in the third quarter valued at about $102,000. Los Angeles Capital Management LLC boosted its holdings in shares of Civista Bancshares by 4.4% in the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock valued at $248,000 after buying an additional 589 shares during the period. Jane Street Group LLC boosted its position in shares of Civista Bancshares by 24.2% during the third quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock worth $360,000 after buying an additional 3,934 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Civista Bancshares during the 2nd quarter worth about $323,000. 52.10% of the stock is currently owned by institutional investors and hedge funds.

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.