Civista Bancshares Inc (NASDAQ:CIVB) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.92.
Several analysts have commented on the stock. ValuEngine lowered shares of Civista Bancshares from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Boenning Scattergood reaffirmed a “buy” rating and set a $24.00 target price on shares of Civista Bancshares in a research note on Monday, January 29th. Hovde Group set a $24.00 target price on shares of Civista Bancshares and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.50 target price on shares of Civista Bancshares in a research note on Friday, December 22nd.
Shares of Civista Bancshares (NASDAQ CIVB) traded up $0.27 on Tuesday, reaching $21.71. 16,085 shares of the company’s stock traded hands, compared to its average volume of 20,940. 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 has a twelve month low of $18.82 and a twelve month high of $23.76. The stock has a market capitalization of $215.39, a price-to-earnings ratio of 16.70, a PEG ratio of 1.62 and a beta of 0.42.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Tuesday, January 23rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, January 22nd. Civista Bancshares’s dividend payout ratio is 21.54%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Civista Bancshares during the second quarter valued at approximately $124,000. SG Americas Securities LLC bought a new position in shares of Civista Bancshares during the fourth quarter valued at approximately $132,000. JPMorgan Chase & Co. increased its stake in shares of Civista Bancshares by 272.7% during the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock valued at $209,000 after purchasing an additional 7,315 shares in the last quarter. Keybank National Association OH bought a new position in shares of Civista Bancshares during the third quarter valued at approximately $213,000. Finally, New York State Common Retirement Fund bought a new position in shares of Civista Bancshares during the second quarter valued at approximately $221,000. 43.32% of the stock is owned by institutional investors and hedge funds.
About Civista Bancshares
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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