Civista Bancshares (NASDAQ:CIVB) Downgraded to Hold Rating by StockNews.com

Civista Bancshares (NASDAQ:CIVB) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other analysts have also recently issued reports on the company. Stephens restated an “equal weight” rating and set a $24.00 price objective on shares of Civista Bancshares in a research note on Friday, January 31st. Keefe, Bruyette & Woods increased their price target on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.

Civista Bancshares Trading Up 0.5 %

Shares of NASDAQ CIVB opened at $21.47 on Friday. The stock’s 50 day moving average price is $21.24 and its two-hundred day moving average price is $19.52. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $23.69. The stock has a market capitalization of $337.94 million, a P/E ratio of 10.63 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data 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 8.35% and a net margin of 12.96%. On average, analysts anticipate that Civista Bancshares will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Civista Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its stake in Civista Bancshares by 1.1% during the 4th quarter. Inspire Investing LLC now owns 52,528 shares of the bank’s stock valued at $1,105,000 after purchasing an additional 554 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Civista Bancshares by 4.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock worth $248,000 after acquiring an additional 589 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Civista Bancshares by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock worth $139,000 after acquiring an additional 892 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Civista Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank’s stock worth $189,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Park National Corp OH lifted its holdings in shares of Civista Bancshares by 8.6% in the fourth quarter. Park National Corp OH now owns 25,275 shares of the bank’s stock valued at $532,000 after purchasing an additional 2,000 shares in the last quarter. 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.