Civista Bancshares (NASDAQ:CIVB) Cut to Hold at StockNews.com

Civista Bancshares (NASDAQ:CIVB) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other research firms have also weighed in on CIVB. Stephens reissued an “equal weight” rating and issued a $24.00 target price on shares of Civista Bancshares in a research note on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.50.

Civista Bancshares Trading Down 1.6 %

NASDAQ CIVB opened at $21.13 on Friday. Civista Bancshares has a 1-year low of $13.60 and a 1-year high of $23.69. 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 stock has a 50-day moving average of $21.18 and a 200-day moving average of $19.57. The firm has a market cap of $332.59 million, a PE ratio of 10.46 and a beta of 0.81.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share 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 forecast that Civista Bancshares will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CIVB. Public Employees Retirement System of Ohio purchased a new position in shares of Civista Bancshares during the 3rd quarter worth approximately $45,000. SG Americas Securities LLC purchased a new position in shares of Civista Bancshares during the 3rd quarter worth approximately $102,000. Wells Fargo & Company MN grew its holdings 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 during the period. First Trust Advisors LP purchased a new position in shares of Civista Bancshares during the 4th quarter worth approximately $202,000. Finally, Los Angeles Capital Management LLC grew its holdings 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 during the period. Hedge funds and other institutional investors own 52.10% of the company’s stock.

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.