Civista Bancshares, Inc. (NASDAQ:CIVB) Given Consensus Recommendation of “Hold” by Brokerages

Civista Bancshares, Inc. (NASDAQ:CIVB) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.20.

Several analysts have recently weighed in on the company. Wall Street Zen cut Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Piper Sandler boosted their price objective on shares of Civista Bancshares from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, Zacks Research cut Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th.

Institutional Investors Weigh In On Civista Bancshares

A number of large investors have recently made changes to their positions in CIVB. NewEdge Advisors LLC lifted its position 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 valued at $29,000 after buying an additional 481 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Civista Bancshares by 306.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock worth $31,000 after buying an additional 1,015 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Civista Bancshares by 628.2% during the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank’s stock valued at $75,000 after buying an additional 2,783 shares during the period. BNP Paribas Financial Markets grew its stake in Civista Bancshares by 111.4% in the third quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank’s stock valued at $81,000 after purchasing an additional 2,107 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Civista Bancshares by 784.7% during the second quarter. Tower Research Capital LLC TRC now owns 4,795 shares of the bank’s stock worth $111,000 after purchasing an additional 4,253 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors.

Civista Bancshares Price Performance

Shares of CIVB opened at $28.46 on Monday. The stock has a market cap of $591.40 million, a price-to-earnings ratio of 10.46 and a beta of 0.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.38. Civista Bancshares has a 12 month low of $18.94 and a 12 month high of $29.38. The company has a 50-day moving average price of $26.09 and a two-hundred day moving average price of $24.27.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.74 EPS for the quarter, beating the consensus estimate of $0.56 by $0.18. Civista Bancshares had a net margin of 19.73% and a return on equity of 10.70%. The firm had revenue of $47.25 million during the quarter, compared to the consensus estimate of $45.64 million. Equities analysts predict that Civista Bancshares will post 2.84 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Civista Bancshares’s dividend payout ratio is 26.47%.

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.