Civista Bancshares (NASDAQ:CIVB) Stock Rating Lowered by StockNews.com

Civista Bancshares (NASDAQ:CIVB - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Several other research firms have also weighed in on CIVB. Hovde Group upgraded Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Wednesday, October 30th. Stephens restated an "equal weight" rating and set a $24.00 target price on shares of Civista Bancshares in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their target price on Civista Bancshares from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Civista Bancshares has a consensus rating of "Hold" and a consensus target price of $22.50.

Civista Bancshares Stock Down 1.6 %

Shares of NASDAQ:CIVB traded down $0.34 during midday trading on Friday, hitting $21.13. 35,956 shares of the stock were exchanged, compared to its average volume of 48,266. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $23.69. The business's fifty day simple moving average is $21.18 and its two-hundred day simple moving average is $19.58. The company has a market capitalization of $332.59 million, a PE ratio of 10.46 and a beta of 0.81.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share 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, research analysts predict that Civista Bancshares will post 2.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Civista Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its position in Civista Bancshares by 40.7% during the third quarter. Barclays PLC now owns 51,521 shares of the bank's stock worth $917,000 after buying an additional 14,909 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Civista Bancshares by 130.8% during the third quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank's stock worth $1,131,000 after buying an additional 35,968 shares in the last quarter. State Street Corp grew its position in Civista Bancshares by 1.1% during the third quarter. State Street Corp now owns 298,557 shares of the bank's stock worth $5,320,000 after buying an additional 3,112 shares in the last quarter. Geode Capital Management LLC grew its position in Civista Bancshares by 2.8% during the third quarter. Geode Capital Management LLC now owns 348,352 shares of the bank's stock worth $6,208,000 after buying an additional 9,501 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Civista Bancshares by 90.1% during the third quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank's stock worth $453,000 after buying an additional 12,059 shares in the last quarter. 52.10% of the stock is 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.