Civista Bancshares (NASDAQ:CIVB) PT Raised to $19.00

Civista Bancshares (NASDAQ:CIVB) had its target price raised by Piper Sandler from $16.00 to $19.00 in a research report report published on Thursday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the bank’s stock.

Separately, Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Civista Bancshares has a consensus rating of Hold and a consensus price target of $18.25.

Civista Bancshares Stock Performance

Shares of NASDAQ CIVB traded down $0.70 during midday trading on Thursday, reaching $15.60. The company’s stock had a trading volume of 53,252 shares, compared to its average volume of 35,668. Civista Bancshares has a 12-month low of $13.60 and a 12-month high of $19.00. The firm has a 50 day moving average price of $15.41 and a 200-day moving average price of $15.31. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $245.39 million, a P/E ratio of 7.00 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Monday, July 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.34%. The firm had revenue of $61.14 million during the quarter, compared to the consensus estimate of $36.57 million. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities analysts predict that Civista Bancshares will post 1.75 earnings per share for the current year.

Civista Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.10%. Civista Bancshares’s payout ratio is currently 27.47%.

Institutional Investors Weigh In On Civista Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new position in Civista Bancshares during the first quarter valued at approximately $63,000. Hillsdale Investment Management Inc. acquired a new position in shares of Civista Bancshares during the 4th quarter worth approximately $109,000. SG Americas Securities LLC grew its holdings in Civista Bancshares by 25.8% in the 4th quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock valued at $156,000 after buying an additional 1,736 shares in the last quarter. Gendell Jeffrey L bought a new stake in shares of Civista Bancshares during the 4th quarter valued at $184,000. Finally, Princeton Capital Management LLC bought a new stake in shares of Civista Bancshares during the 2nd quarter worth $189,000. 52.10% of the stock is owned by institutional investors and hedge funds.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.