Civista Bancshares (NASDAQ:CIVB) Rating Increased to Buy at StockNews.com

Civista Bancshares (NASDAQ:CIVB) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

CIVB has been the subject of a number of other research reports. Keefe, Bruyette & Woods increased their price target on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Stephens reaffirmed an “equal weight” rating and issued a $24.00 price objective on shares of Civista Bancshares in a research note on Friday, January 31st. Finally, Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Civista Bancshares Stock Performance

NASDAQ:CIVB opened at $21.46 on Thursday. The company has a market cap of $337.78 million, a price-to-earnings ratio of 10.62 and a beta of 0.81. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $23.69. The stock’s 50 day simple moving average is $21.34 and its two-hundred day simple moving average is $19.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. As a group, equities analysts anticipate that Civista Bancshares will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Civista Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in Civista Bancshares in the third quarter worth $45,000. SG Americas Securities LLC bought a new position in shares of Civista Bancshares in the third quarter worth about $102,000. Los Angeles Capital Management LLC increased its stake in Civista Bancshares by 4.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock worth $248,000 after buying an additional 589 shares during the period. Jane Street Group LLC lifted its holdings in Civista Bancshares by 24.2% during the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock valued at $360,000 after buying an additional 3,934 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Civista Bancshares in the 2nd quarter valued at about $323,000. 52.10% of the stock is owned by institutional investors.

About Civista Bancshares

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.