Shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.67 and traded as high as $22.39. Civista Bancshares shares last traded at $22.32, with a volume of 46,565 shares.
Analyst Ratings Changes
CIVB has been the subject of a number of research analyst reports. Stephens lifted their price objective on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Hovde Group upgraded Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price objective on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $19.00 target price (up previously from $18.00) on shares of Civista Bancshares in a research report on Tuesday, July 30th. Finally, Piper Sandler upped their price objective on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Civista Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $20.25.
Read Our Latest Analysis on CIVB
Civista Bancshares Stock Performance
The company has a market cap of $350.84 million, a PE ratio of 11.10 and a beta of 0.78. The business has a 50-day moving average of $18.89 and a 200 day moving average of $16.72. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.09. The business had revenue of $62.43 million for the quarter, compared to analysts' expectations of $37.60 million. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. During the same period last year, the firm earned $0.66 earnings per share. Equities research analysts anticipate that Civista Bancshares, Inc. will post 1.91 EPS for the current fiscal year.
Civista Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.64 annualized dividend and a yield of 2.87%. Civista Bancshares's payout ratio is 31.84%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of Civista Bancshares by 53.3% in the first quarter. BNP Paribas Financial Markets now owns 28,613 shares of the bank's stock worth $440,000 after purchasing an additional 9,953 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Civista Bancshares by 11.3% during the 1st quarter. Russell Investments Group Ltd. now owns 24,080 shares of the bank's stock worth $370,000 after acquiring an additional 2,453 shares during the period. Vanguard Group Inc. boosted its position in Civista Bancshares by 1.1% in the first quarter. Vanguard Group Inc. now owns 812,806 shares of the bank's stock valued at $12,501,000 after buying an additional 8,797 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Civista Bancshares in the 1st quarter valued at $63,000. Finally, Quadrature Capital Ltd lifted its holdings in Civista Bancshares by 24.7% in the first quarter. Quadrature Capital Ltd now owns 18,535 shares of the bank's stock valued at $283,000 after acquiring an additional 3,672 shares during the period. Institutional investors own 52.10% of the company's stock.
Civista Bancshares Company Profile
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Get Free Report)
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.
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