Analysts’ Weekly Ratings Updates for Civista Bancshares (CIVB)

Civista Bancshares (NASDAQ: CIVB) recently received a number of ratings updates from brokerages and research firms:

  • 10/2/2019 – Civista Bancshares was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/1/2019 – Civista Bancshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Civista Bancshares, Inc. is a bank holding company. The Company is involved in the business of community banking, through its subsidiaries. It operates primarily in Ohio. Civista Bancshares, Inc., formerly known as First Citizens Banc Corp, is based in SANDUSKY, United States. “
  • 9/25/2019 – Civista Bancshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Civista Bancshares, Inc. is a bank holding company. The Company is involved in the business of community banking, through its subsidiaries. It operates primarily in Ohio. Civista Bancshares, Inc., formerly known as First Citizens Banc Corp, is based in SANDUSKY, United States. “
  • 9/17/2019 – Civista Bancshares was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/23/2019 – Civista Bancshares was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/9/2019 – Civista Bancshares was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating.

Shares of NASDAQ:CIVB traded up $0.06 during trading on Monday, hitting $21.62. 31,295 shares of the company’s stock were exchanged, compared to its average volume of 35,499. Civista Bancshares Inc has a 1-year low of $15.55 and a 1-year high of $24.25. The firm has a 50-day moving average price of $21.21 and a two-hundred day moving average price of $21.66. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.65. The firm has a market cap of $336.48 million, a P/E ratio of 11.69 and a beta of 0.83.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, July 26th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. Civista Bancshares had a net margin of 20.31% and a return on equity of 10.51%. The company had revenue of $26.85 million during the quarter, compared to analysts’ expectations of $26.62 million. As a group, research analysts predict that Civista Bancshares Inc will post 2 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Civista Bancshares by 16.1% during the 2nd quarter. BlackRock Inc. now owns 882,602 shares of the bank’s stock worth $19,815,000 after acquiring an additional 122,507 shares during the last quarter. Castine Capital Management LLC boosted its stake in Civista Bancshares by 0.5% during the 2nd quarter. Castine Capital Management LLC now owns 524,817 shares of the bank’s stock worth $11,783,000 after acquiring an additional 2,725 shares during the last quarter. Maltese Capital Management LLC boosted its stake in Civista Bancshares by 33.9% during the 2nd quarter. Maltese Capital Management LLC now owns 350,000 shares of the bank’s stock worth $7,858,000 after acquiring an additional 88,628 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Civista Bancshares by 3.7% during the 2nd quarter. Renaissance Technologies LLC now owns 293,791 shares of the bank’s stock worth $6,596,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Civista Bancshares by 3.9% during the 2nd quarter. Northern Trust Corp now owns 159,631 shares of the bank’s stock worth $3,584,000 after acquiring an additional 5,990 shares during the last quarter. 54.59% of the stock is currently owned by institutional investors and hedge funds.

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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