Civista Bancshares, Inc. (NASDAQ:CIVB) Receives $18.25 Consensus Price Target from Analysts

Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) have received a consensus recommendation of “Hold” from the four research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.25.

Several research analysts have recently issued reports on CIVB shares. Piper Sandler increased their price target on Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th.

Insider Activity at Civista Bancshares

In other news, Director Julie A. Mattlin bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $15.60 per share, with a total value of $31,200.00. Following the completion of the purchase, the director now directly owns 12,442 shares of the company’s stock, valued at approximately $194,095.20. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.01% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in Civista Bancshares during the second quarter valued at about $323,000. Hsbc Holdings PLC boosted its position in shares of Civista Bancshares by 30.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock valued at $318,000 after purchasing an additional 4,985 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Civista Bancshares by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank’s stock valued at $12,316,000 after purchasing an additional 6,234 shares during the period. Victory Capital Management Inc. boosted its position in shares of Civista Bancshares by 5.4% in the 2nd quarter. Victory Capital Management Inc. now owns 51,650 shares of the bank’s stock valued at $800,000 after purchasing an additional 2,650 shares during the period. Finally, Princeton Capital Management LLC acquired a new position in shares of Civista Bancshares in the 2nd quarter valued at $189,000. Institutional investors own 52.10% of the company’s stock.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB opened at $16.65 on Tuesday. Civista Bancshares has a 1-year low of $13.60 and a 1-year high of $19.00. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.01 and a quick ratio of 1.01. The business’s fifty day moving average price is $16.53 and its two-hundred day moving average price is $15.30. The firm has a market capitalization of $262.07 million, a PE ratio of 7.15 and a beta of 0.80.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Monday, July 29th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. Civista Bancshares had a return on equity of 9.24% and a net margin of 14.48%. The firm had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. During the same period last year, the company earned $0.64 earnings per share. On average, research analysts expect that Civista Bancshares will post 1.76 EPS for the current year.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.64 annualized dividend and a yield of 3.84%. Civista Bancshares’s dividend payout ratio is currently 27.47%.

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.