Civista Bancshares Inc (NASDAQ:CIVB) has received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

CIVB has been the topic of a number of research reports. TheStreet upgraded Civista Bancshares from a “c+” rating to a “b” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Thursday, January 3rd. BidaskClub upgraded Civista Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 20th. Finally, ValuEngine upgraded Civista Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd.

In related news, insider W Michael Mclaughlin sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $21.11, for a total transaction of $232,210.00. Following the transaction, the insider now owns 12,287 shares in the company, valued at approximately $259,378.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.07% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. RMB Capital Management LLC lifted its position in Civista Bancshares by 1.8% during the 4th quarter. RMB Capital Management LLC now owns 843,061 shares of the bank’s stock worth $14,686,000 after acquiring an additional 14,533 shares during the period. BlackRock Inc. lifted its position in Civista Bancshares by 2.3% during the 4th quarter. BlackRock Inc. now owns 729,376 shares of the bank’s stock worth $12,705,000 after acquiring an additional 16,286 shares during the period. Vanguard Group Inc lifted its position in Civista Bancshares by 21.5% during the 3rd quarter. Vanguard Group Inc now owns 576,071 shares of the bank’s stock worth $13,877,000 after acquiring an additional 101,796 shares during the period. Vanguard Group Inc. lifted its position in Civista Bancshares by 21.5% during the 3rd quarter. Vanguard Group Inc. now owns 576,071 shares of the bank’s stock worth $13,877,000 after acquiring an additional 101,796 shares during the period. Finally, Context BH Capital Management LP lifted its position in Civista Bancshares by 3.5% during the 4th quarter. Context BH Capital Management LP now owns 311,324 shares of the bank’s stock worth $5,423,000 after acquiring an additional 10,620 shares during the period. 52.62% of the stock is owned by institutional investors.

Shares of CIVB traded down $0.27 during mid-day trading on Thursday, reaching $20.67. The company’s stock had a trading volume of 1,460 shares, compared to its average volume of 44,350. Civista Bancshares has a 12-month low of $15.55 and a 12-month high of $25.88. The company has a market cap of $331.42 million, a P/E ratio of 11.17, a PEG ratio of 1.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 0.99.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, February 15th. The bank reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. The business had revenue of $25.58 million for the quarter, compared to the consensus estimate of $23.96 million. Civista Bancshares had a return on equity of 11.07% and a net margin of 15.40%. As a group, analysts predict that Civista Bancshares will post 2.03 earnings per share for the current fiscal year.

About Civista Bancshares

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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