Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $24.38.

Several equities research analysts have recently weighed in on CIVB shares. ValuEngine downgraded Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday. Sandler O’Neill reissued a “buy” rating and issued a $25.00 price objective (up from $23.50) on shares of Civista Bancshares in a report on Friday, October 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised Civista Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.

Several hedge funds have recently bought and sold shares of CIVB. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Civista Bancshares in the second quarter valued at approximately $124,000. JPMorgan Chase & Co. boosted its holdings in shares of Civista Bancshares by 272.7% in the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock valued at $209,000 after acquiring an additional 7,315 shares during the period. Keybank National Association OH acquired a new stake in shares of Civista Bancshares in the third quarter valued at approximately $213,000. Rhumbline Advisers acquired a new stake in shares of Civista Bancshares in the second quarter valued at approximately $216,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Civista Bancshares in the second quarter valued at approximately $221,000. 43.92% of the stock is owned by institutional investors and hedge funds.

Shares of Civista Bancshares (CIVB) traded down $0.78 on Thursday, reaching $22.66. The company had a trading volume of 25,092 shares, compared to its average volume of 42,347. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $238.41, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.59. Civista Bancshares has a 52-week low of $15.66 and a 52-week high of $23.76.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.01). The business had revenue of $17.15 million during the quarter, compared to analyst estimates of $17.60 million. Civista Bancshares had a net margin of 21.56% and a return on equity of 10.32%. equities research analysts predict that Civista Bancshares will post 1.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 17th were issued a $0.07 dividend. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Monday, October 16th. Civista Bancshares’s dividend payout ratio is presently 21.37%.

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Civista Bancshares Company Profile

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

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