Civista Bancshares (NASDAQ:CIVB) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Civista Bancshares, Inc. (NASDAQ:CIVB) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.83 and traded as high as $27.48. Civista Bancshares shares last traded at $26.49, with a volume of 70,674 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on CIVB. Zacks Research upgraded shares of Civista Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Piper Sandler lifted their price target on shares of Civista Bancshares from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.60.

Civista Bancshares Price Performance

The company has a market capitalization of $550.46 million, a P/E ratio of 9.74 and a beta of 0.67. The firm’s fifty day moving average is $25.00 and its 200 day moving average is $23.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.18. The company had revenue of $47.25 million during the quarter, compared to analysts’ expectations of $45.64 million. Civista Bancshares had a net margin of 19.73% and a return on equity of 10.70%. As a group, analysts predict that Civista Bancshares, Inc. will post 2.84 earnings per share for the current fiscal year.

Civista Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, May 5th. Civista Bancshares’s dividend payout ratio is presently 26.47%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Civista Bancshares by 57.5% during the 4th quarter. NewEdge Advisors LLC now owns 1,317 shares of the bank’s stock worth $29,000 after acquiring an additional 481 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Civista Bancshares by 5.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,832 shares of the bank’s stock worth $179,000 after acquiring an additional 485 shares in the last quarter. Barclays PLC raised its stake in shares of Civista Bancshares by 0.9% during the 3rd quarter. Barclays PLC now owns 54,603 shares of the bank’s stock worth $1,109,000 after acquiring an additional 498 shares in the last quarter. CWM LLC raised its stake in shares of Civista Bancshares by 12.1% during the 4th quarter. CWM LLC now owns 8,249 shares of the bank’s stock worth $183,000 after acquiring an additional 893 shares in the last quarter. Finally, Vista Investment Management raised its stake in shares of Civista Bancshares by 5.3% during the 4th quarter. Vista Investment Management now owns 18,183 shares of the bank’s stock worth $404,000 after acquiring an additional 915 shares in the last quarter. Institutional investors own 52.10% of the company’s stock.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.