Civista Bancshares, Inc. (NASDAQ:CIVB) Receives $18.25 Average Target Price from Analysts

Civista Bancshares, Inc. (NASDAQ:CIVB) has been given a consensus rating of “Hold” by the four research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.25.

CIVB has been the topic of several analyst reports. Piper Sandler upped their target price on shares of Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $19.00 target price (up previously from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th.

Civista Bancshares Price Performance

Shares of CIVB opened at $15.89 on Friday. The stock has a market cap of $249.90 million, a PE ratio of 6.82 and a beta of 0.82. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.97 and a current ratio of 0.97. Civista Bancshares has a fifty-two week low of $13.60 and a fifty-two week high of $19.00. The firm’s 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $15.22.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Monday, July 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $61.14 million for the quarter, compared to the consensus estimate of $36.57 million. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.34%. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Analysts anticipate that Civista Bancshares will post 1.75 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a yield of 4.03%. Civista Bancshares’s dividend payout ratio (DPR) is 27.47%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Civista Bancshares by 1.1% in the first quarter. Vanguard Group Inc. now owns 812,806 shares of the bank’s stock worth $12,501,000 after acquiring an additional 8,797 shares during the period. Dimensional Fund Advisors LP raised its position in Civista Bancshares by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank’s stock worth $12,316,000 after acquiring an additional 6,234 shares during the period. Wellington Management Group LLP raised its position in Civista Bancshares by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 605,421 shares of the bank’s stock worth $11,164,000 after acquiring an additional 5,400 shares during the period. Mendon Capital Advisors Corp bought a new position in Civista Bancshares in the fourth quarter worth approximately $3,688,000. Finally, Summit Financial Strategies Inc. raised its position in Civista Bancshares by 3.2% in the second quarter. Summit Financial Strategies Inc. now owns 148,858 shares of the bank’s stock worth $2,306,000 after acquiring an additional 4,559 shares during the period. 52.10% of the stock is currently owned by 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.