Civista Bancshares, Inc. (NASDAQ:CIVB) Given Average Rating of "Hold" by Analysts

Shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) have received a consensus recommendation of "Hold" from the four ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.25.

CIVB has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $19.00 target price (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Piper Sandler boosted their price objective on shares of Civista Bancshares from $16.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st.

Insider Activity at Civista Bancshares

In other Civista Bancshares news, Director Julie A. Mattlin bought 2,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $15.60 per share, with a total value of $31,200.00. Following the completion of the transaction, the director now owns 12,442 shares in the company, valued at $194,095.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.01% of the company's stock.

Institutional Trading of Civista Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in shares of Civista Bancshares by 41.1% in the 4th quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank's stock worth $344,000 after acquiring an additional 5,440 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Civista Bancshares during the fourth quarter worth $109,000. Empowered Funds LLC raised its holdings in shares of Civista Bancshares by 8.1% during the first quarter. Empowered Funds LLC now owns 44,169 shares of the bank's stock worth $679,000 after purchasing an additional 3,325 shares during the period. Vanguard Group Inc. lifted its position in shares of Civista Bancshares by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 812,806 shares of the bank's stock worth $12,501,000 after buying an additional 8,797 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Civista Bancshares by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 605,421 shares of the bank's stock valued at $11,164,000 after buying an additional 5,400 shares during the period. Institutional investors own 52.10% of the company's stock.

Civista Bancshares Trading Up 1.5 %

NASDAQ:CIVB traded up $0.25 during mid-day trading on Tuesday, reaching $17.22. The company's stock had a trading volume of 45,172 shares, compared to its average volume of 37,017. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $270.82 million, a P/E ratio of 7.35 and a beta of 0.82. The company's fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $15.25. Civista Bancshares has a twelve month low of $13.60 and a twelve month high of $19.00.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The bank reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. The company had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. During the same quarter last year, the business earned $0.64 EPS. On average, equities analysts predict that Civista Bancshares will post 1.76 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, August 6th. Civista Bancshares's dividend payout ratio is presently 27.47%.

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.