Civista Bancshares' (CIVB) "Equal Weight" Rating Reiterated at Stephens

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

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

Civista Bancshares Price Performance

Shares of CIVB stock traded up $0.35 during trading hours on Friday, reaching $21.08. The stock had a trading volume of 59,823 shares, compared to its average volume of 50,701. The stock's fifty day simple moving average is $21.43 and its 200 day simple moving average is $19.38. The firm has a market capitalization of $331.80 million, a PE ratio of 10.44 and a beta of 0.81. Civista Bancshares has a 12 month low of $13.60 and a 12 month high of $23.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings results 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 net margin of 12.96% and a return on equity of 8.35%. On average, equities research analysts predict that Civista Bancshares will post 2.08 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 annualized dividend and a dividend yield of 3.23%. This is an increase from Civista Bancshares's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, February 4th. Civista Bancshares's payout ratio is presently 31.68%.

Institutional Trading of Civista Bancshares

Large investors have recently modified their holdings of the business. Inspire Investing LLC purchased a new stake in Civista Bancshares in the 3rd quarter worth approximately $926,000. Assenagon Asset Management S.A. lifted its stake in Civista Bancshares by 130.8% in the third quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank's stock worth $1,131,000 after acquiring an additional 35,968 shares during the period. AQR Capital Management LLC bought a new stake in Civista Bancshares in the second quarter valued at $323,000. Barclays PLC increased its position in Civista Bancshares by 40.7% during the 3rd quarter. Barclays PLC now owns 51,521 shares of the bank's stock valued at $917,000 after purchasing an additional 14,909 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Civista Bancshares by 90.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank's stock worth $453,000 after purchasing an additional 12,059 shares during the period. 52.10% of the stock is owned by institutional investors.

About Civista Bancshares

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.