Civista Bancshares, Inc. (NASDAQ:CIVB) has earned an average rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $22.06.

CIVB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $24.00 price objective on shares of Civista Bancshares in a report on Sunday, July 30th. Zacks Investment Research cut shares of Civista Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. DA Davidson reissued a “neutral” rating and set a $24.50 price objective on shares of Civista Bancshares in a report on Tuesday, July 4th. Finally, Boenning Scattergood set a $24.00 price objective on shares of Civista Bancshares and gave the stock a “buy” rating in a report on Friday, July 28th.

Several institutional investors and hedge funds have recently made changes to their positions in CIVB. FNY Partners Fund LP purchased a new position in shares of Civista Bancshares during the first quarter worth approximately $110,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Civista Bancshares during the second quarter worth approximately $124,000. JPMorgan Chase & Co. grew its position in shares of Civista Bancshares by 272.7% during the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock worth $209,000 after acquiring an additional 7,315 shares during the last quarter. Keybank National Association OH purchased a new position in shares of Civista Bancshares during the first quarter worth approximately $211,000. Finally, Rhumbline Advisers purchased a new position in shares of Civista Bancshares during the second quarter worth approximately $216,000. Institutional investors and hedge funds own 42.33% of the company’s stock.

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Civista Bancshares (NASDAQ:CIVB) traded down 1.48% on Wednesday, hitting $19.95. 30,169 shares of the company traded hands. The firm has a market capitalization of $202.89 million, a P/E ratio of 14.81 and a beta of 0.47. Civista Bancshares has a 12 month low of $13.91 and a 12 month high of $23.75. The stock’s 50-day moving average is $20.13 and its 200 day moving average is $21.06.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.04. Civista Bancshares had a return on equity of 11.19% and a net margin of 21.97%. The company had revenue of $17.47 million for the quarter, compared to analyst estimates of $17.70 million. Equities analysts forecast that Civista Bancshares will post $1.27 EPS for the current fiscal year.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

Analyst Recommendations for Civista Bancshares (NASDAQ:CIVB)

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