Civista Bancshares (NASDAQ:CIVB) Given a $26.00 Price Target by DA Davidson Analysts

Civista Bancshares (NASDAQ:CIVB) has been assigned a $26.00 target price by stock analysts at DA Davidson in a report issued on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s target price indicates a potential upside of 21.55% from the stock’s current price.

A number of other research firms also recently issued reports on CIVB. Keefe, Bruyette & Woods raised their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Stephens lifted their target price on shares of Civista Bancshares from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Piper Sandler boosted their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Civista Bancshares Stock Down 1.6%

Shares of NASDAQ:CIVB opened at $21.39 on Monday. Civista Bancshares has a 52 week low of $14.90 and a 52 week high of $25.59. 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 $331.97 million, a PE ratio of 9.42 and a beta of 0.69. The company has a 50 day moving average price of $22.87 and a two-hundred day moving average price of $21.28.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $40.33 million. Analysts forecast that Civista Bancshares will post 2.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Darci L. Congrove purchased 1,250 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was purchased at an average cost of $21.25 per share, with a total value of $26,562.50. Following the purchase, the director owned 1,250 shares in the company, valued at $26,562.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Richard J. Dutton bought 4,000 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was acquired at an average cost of $21.25 per share, with a total value of $85,000.00. Following the transaction, the senior vice president owned 4,000 shares of the company’s stock, valued at $85,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 17,385 shares of company stock worth $376,741. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.