Civista Bancshares (NASDAQ:CIVB) Given “Equal Weight” Rating at Stephens

Stephens reiterated their equal weight rating on shares of Civista Bancshares (NASDAQ:CIVBFree Report) in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a $24.00 price target on the bank’s stock.

Several other equities analysts have also commented on the stock. Hovde Group raised shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Get Our Latest Stock Report on Civista Bancshares

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $22.06 on Friday. Civista Bancshares has a 12-month low of $13.60 and a 12-month high of $23.69. The business’s fifty day simple moving average is $21.48 and its 200-day simple moving average is $19.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The company has a market cap of $347.22 million, a PE ratio of 10.98 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVBGet Free Report) last announced its earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. Analysts expect that Civista Bancshares will post 1.92 earnings per share for the current fiscal year.

Civista Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.08%. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, February 4th. Civista Bancshares’s payout ratio is presently 31.84%.

Institutional Trading of Civista Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Civista Bancshares in the third quarter valued at $45,000. SG Americas Securities LLC purchased a new stake in Civista Bancshares in the 3rd quarter valued at $102,000. Los Angeles Capital Management LLC boosted its stake in shares of Civista Bancshares by 4.4% during the third 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 grew its stake in shares of Civista Bancshares by 24.2% in the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock valued at $360,000 after purchasing an additional 3,934 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Civista Bancshares in the second quarter valued at approximately $323,000. 52.10% of the stock is owned by institutional investors and hedge funds.

About Civista Bancshares

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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.

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