Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the four ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $23.40.
Several research firms have issued reports on CIVB. Stephens restated an "equal weight" rating and set a $24.00 target price on shares of Civista Bancshares in a research report on Friday, January 31st. DA Davidson set a $27.00 target price on Civista Bancshares in a research report on Friday, January 31st. StockNews.com upgraded Civista Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods increased their target price on Civista Bancshares from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th.
Get Our Latest Stock Report on CIVB
Civista Bancshares Stock Performance
Civista Bancshares stock traded down $0.22 during trading on Monday, hitting $19.56. The stock had a trading volume of 13,155 shares, compared to its average volume of 44,959. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $23.69. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock's 50 day moving average is $20.86 and its two-hundred day moving average is $19.99. The stock has a market cap of $307.74 million, a price-to-earnings ratio of 9.68 and a beta of 0.81.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 EPS for the quarter, beating the consensus estimate of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. As a group, analysts predict that Civista Bancshares will post 2.28 EPS for the current year.
Civista Bancshares Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.48%. This is a boost from Civista Bancshares's previous quarterly dividend of $0.16. Civista Bancshares's dividend payout ratio is presently 33.66%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Civista Bancshares by 103.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock worth $108,000 after purchasing an additional 2,609 shares during the period. Man Group plc bought a new position in shares of Civista Bancshares in the fourth quarter worth $282,000. Nuveen Asset Management LLC increased its stake in Civista Bancshares by 166.8% in the fourth quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank's stock valued at $1,950,000 after acquiring an additional 57,950 shares during the last quarter. Millennium Management LLC bought a new position in Civista Bancshares in the fourth quarter valued at $1,059,000. Finally, Lazard Asset Management LLC bought a new position in Civista Bancshares in the fourth quarter valued at $263,000. Institutional investors own 52.10% of the company's stock.
Civista Bancshares Company Profile
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Get Free ReportCivista 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.
Further Reading
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