BidaskClub cut shares of Civista Bancshares (NASDAQ:CIVB) from a hold rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

A number of other analysts have also weighed in on the company. ValuEngine raised YY from a sell rating to a hold rating in a research note on Friday, June 7th. Keefe, Bruyette & Woods increased their price objective on American International Group from $58.00 to $62.00 and gave the company an outperform rating in a research note on Sunday, July 7th. Finally, Zacks Investment Research lowered Guaranty Federal Bancshares from a hold rating to a sell rating in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $25.33.

Shares of NASDAQ CIVB opened at $21.67 on Tuesday. Civista Bancshares has a one year low of $15.55 and a one year high of $25.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The company’s 50 day simple moving average is $21.86. The company has a market capitalization of $337.01 million, a PE ratio of 11.71, a P/E/G ratio of 1.34 and a beta of 0.76.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, May 3rd. The bank reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $28.00 million for the quarter, compared to analysts’ expectations of $27.22 million. Civista Bancshares had a net margin of 16.63% and a return on equity of 10.70%. Sell-side analysts forecast that Civista Bancshares will post 2.02 earnings per share for the current year.

In related news, Director Gerald B. Wurm purchased 10,000 shares of Civista Bancshares stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $21.77 per share, for a total transaction of $217,700.00. Following the completion of the acquisition, the director now directly owns 2,878 shares of the company’s stock, valued at $62,654.06. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 3.45% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in shares of Civista Bancshares by 53.8% in the 4th quarter. Rhumbline Advisers now owns 18,226 shares of the bank’s stock worth $317,000 after buying an additional 6,379 shares during the last quarter. First Trust Advisors LP increased its position in shares of Civista Bancshares by 13.6% during the fourth quarter. First Trust Advisors LP now owns 41,758 shares of the bank’s stock valued at $727,000 after buying an additional 5,015 shares during the period. BlackRock Inc. increased its position in shares of Civista Bancshares by 2.3% in the fourth quarter. BlackRock Inc. now owns 729,376 shares of the bank’s stock worth $12,705,000 after purchasing an additional 16,286 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Civista Bancshares by 31.3% in the fourth quarter. Bank of New York Mellon Corp now owns 72,668 shares of the bank’s stock worth $1,265,000 after purchasing an additional 17,302 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Civista Bancshares by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 257,188 shares of the bank’s stock worth $4,480,000 after purchasing an additional 38,685 shares during the last quarter. 54.10% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Analyst Ratings Trading

Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.