Civista Bancshares (NASDAQ:CIVB) Stock Rating Upgraded by 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 research note issued on Thursday.

Several other brokerages have also recently weighed in on CIVB. Keefe, Bruyette & Woods lifted their price target 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. Hovde Group upgraded 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. Finally, Stephens restated an “equal weight” rating and issued a $24.00 price target on shares of Civista Bancshares in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Civista Bancshares Stock Performance

Shares of CIVB opened at $21.46 on Thursday. The firm has a market capitalization of $337.78 million, a P/E ratio of 10.62 and a beta of 0.81. 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 has a one year low of $13.60 and a one year high of $23.69. The business has a fifty day moving average of $21.34 and a 200 day moving average of $19.43.

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

Hedge Funds Weigh In On Civista Bancshares

Several large investors have recently made changes to their positions in CIVB. Public Employees Retirement System of Ohio bought a new stake in Civista Bancshares during the 3rd quarter valued at approximately $45,000. SG Americas Securities LLC purchased a new stake in Civista Bancshares during the 3rd quarter valued at approximately $102,000. Los Angeles Capital Management LLC raised its position 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 valued at $248,000 after buying an additional 589 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Civista Bancshares in the second quarter worth $323,000. Finally, Jane Street Group LLC boosted its position in shares of Civista Bancshares by 24.2% during the third quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock worth $360,000 after acquiring an additional 3,934 shares during the last quarter. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

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.