Civista Bancshares (NASDAQ:CIVB) received a $24.00 target price from equities researchers at Hovde Group in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the bank’s stock. Hovde Group’s target price points to a potential upside of 8.94% from the stock’s previous close.

CIVB has been the topic of a number of other research reports. Sandler O’Neill reiterated a “buy” rating and set a $25.00 target price (up previously from $23.50) on shares of Civista Bancshares in a research report on Friday, October 6th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a report on Wednesday, October 4th. Zacks Investment Research upgraded Civista Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, ValuEngine lowered Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $24.67.

Shares of Civista Bancshares (NASDAQ:CIVB) traded up $0.10 during trading hours on Wednesday, hitting $22.03. The stock had a trading volume of 27,406 shares, compared to its average volume of 33,800. Civista Bancshares has a 52-week low of $18.59 and a 52-week high of $23.76. The stock has a market cap of $223.76, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.88 and a beta of 0.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Civista Bancshares had a net margin of 21.56% and a return on equity of 10.32%. The business had revenue of $17.15 million for the quarter, compared to analysts’ expectations of $17.60 million. analysts forecast that Civista Bancshares will post 1.23 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners purchased a new position in shares of Civista Bancshares during the 3rd quarter worth $1,492,000. California State Teachers Retirement System purchased a new position in shares of Civista Bancshares during the 2nd quarter worth $367,000. Russell Investments Group Ltd. raised its holdings in shares of Civista Bancshares by 42.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 71,364 shares of the bank’s stock worth $1,490,000 after acquiring an additional 21,209 shares during the period. Castine Capital Management LLC raised its holdings in shares of Civista Bancshares by 45.8% during the 3rd quarter. Castine Capital Management LLC now owns 334,843 shares of the bank’s stock worth $7,480,000 after acquiring an additional 105,228 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Civista Bancshares by 115.4% during the 1st quarter. Vanguard Group Inc. now owns 285,239 shares of the bank’s stock worth $6,321,000 after acquiring an additional 152,800 shares during the period. Institutional investors and hedge funds own 43.92% of the company’s stock.

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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.

Analyst Recommendations for Civista Bancshares (NASDAQ:CIVB)

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