Civista Bancshares, Inc. (NASDAQ:CIVB) Receives $25.20 Consensus Target Price from Brokerages

Civista Bancshares, Inc. (NASDAQ:CIVB) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.00.

Several research firms recently issued reports on CIVB. DA Davidson set a $26.00 target price on shares of Civista Bancshares and gave the stock a “buy” rating in a research report on Monday. Keefe, Bruyette & Woods lifted their price target on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Wall Street Zen cut shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, June 28th. Stephens lifted their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday, April 25th. Finally, Piper Sandler lifted their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, April 28th.

Insider Activity

In related news, Director Clyde A. Perfect, Jr. purchased 2,352 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were purchased at an average cost of $21.25 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director directly owned 2,352 shares of the company’s stock, valued at approximately $49,980. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Dennis E. Murray, Jr. purchased 6,143 shares of the business’s stock in a transaction that occurred on Tuesday, April 29th. The stock was bought at an average cost of $22.44 per share, for a total transaction of $137,848.92. Following the completion of the acquisition, the chairman directly owned 19,162 shares of the company’s stock, valued at $429,995.28. This represents a 47.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 17,385 shares of company stock valued at $376,741. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Civista Bancshares

Several institutional investors have recently bought and sold shares of the stock. CWM LLC lifted its holdings in Civista Bancshares by 43.7% in the 1st quarter. CWM LLC now owns 3,084 shares of the bank’s stock valued at $60,000 after acquiring an additional 938 shares during the last quarter. GAMMA Investing LLC increased its holdings in Civista Bancshares by 4,003.0% in the first quarter. GAMMA Investing LLC now owns 4,103 shares of the bank’s stock worth $80,000 after buying an additional 4,003 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Civista Bancshares by 103.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank’s stock worth $108,000 after buying an additional 2,609 shares during the last quarter. Deutsche Bank AG increased its holdings in Civista Bancshares by 77.0% in the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank’s stock worth $162,000 after buying an additional 3,347 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Civista Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank’s stock worth $189,000 after buying an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Civista Bancshares Stock Performance

Shares of CIVB opened at $21.58 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $334.92 million, a price-to-earnings ratio of 9.51 and a beta of 0.69. The company’s 50 day simple moving average is $22.85 and its 200 day simple moving average is $21.28. Civista Bancshares has a 1 year low of $14.90 and a 1 year high of $25.59.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.16. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. The business had revenue of $40.63 million for the quarter, compared to the consensus estimate of $40.33 million. On average, sell-side analysts predict that Civista Bancshares will post 2.28 EPS for the current year.

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.