Other equity research analysts have also released reports on the stock. Hovde Group downgraded Civista Bancshares shares from an “outperform” rating to a “market performer” rating and set a price target of $25.00 for the stock. in a report on Friday July 29. Piper Sandler cut her price target on Civista Bancshares to $23.50 in a Thursday, September 29 report. Stephens raised his price target on Civista Bancshares to $27.00 in a Tuesday, August 23 research note. Finally, DA Davidson lowered his price target on Cavista Bancshares shares from $32.00 to $29.00 in a Monday, October 3 research report.
Civista Banc shares up 3.8%
NASDAQ: CIVB traded at $0.86 during the midday session on Friday, reaching $23.41. 50,224 shares of the company were traded, compared to its average volume of 38,341. The company has a leverage ratio of 0.59, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $360.96 million, a P/E ratio of 9.48 and a beta of 0.78. The company has a fifty-day moving average of $21.37 and a 200-day moving average of $21.49. Civista Bancshares has a 12-month low of $20.10 and a 12-month high of $25.94.
Civista Bench Shares (NASDAQ: CIVB – Get a rating) last reported quarterly earnings data on Thursday, July 28. The bank reported EPS of $0.53 for the quarter, beating the consensus estimate of $0.52 by $0.01. The company posted revenue of $29.90 million in the quarter, versus analyst estimates of $30.90 million. Civista Bancshares had a net margin of 28.80% and a return on equity of 11.04%. During the same period last year, the company posted EPS of $0.59. On average, analysts expect Civista Bancshares to post an EPS of 2.41 for the current year.
Hedge funds weigh on Civista Banc shares
Institutional investors and hedge funds have recently changed their stock holdings. Panagora Asset Management Inc. increased its position in Cavista Bancshares by 0.7% in the 1st quarter. Panagora Asset Management Inc. now owns 101,142 shares of the bank worth $2,438,000 after buying 748 additional shares last quarter. Strs Ohio increased its holdings in Cavista Bancshares by 5.0% during the third quarter. Strs Ohio now owns 29,600 shares of the bank worth $614,000 after buying an additional 1,400 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Civista Bancshares during the third quarter for a value of $30,000. Boston Partners increased its stake in Civista Bancshares by 6.7% in the first quarter. Boston Partners now owns 23,460 shares of the bank valued at $565,000 after buying an additional 1,466 shares last quarter. Finally, BHZ Capital Management LP increased its position in Civista Bancshares shares by 2.0% in the first quarter. BHZ Capital Management LP now owns 74,371 shares in the bank worth $1,792,000 after acquiring an additional 1,468 shares during the period. Institutional investors and hedge funds own 52.59% of the company’s shares.
Civista Bancshares Company Profile
Cavista Bancshares, Inc is a financial holding company active in the community banking sector. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The Company’s primary deposit products are checking, savings and term certificate accounts, and its lending products are residential, commercial and installment mortgages.
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