Media coverage about Civista Bancshares (NASDAQ:CIVB) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Civista Bancshares earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.2649658004763 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages recently commented on CIVB. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Civista Bancshares in a research note on Friday, May 12th. Zacks Investment Research upgraded shares of Civista Bancshares from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research note on Tuesday, May 2nd. DA Davidson reiterated a “neutral” rating and issued a $24.50 price objective on shares of Civista Bancshares in a research note on Tuesday, July 4th. Finally, Boenning Scattergood set a $24.00 price objective on shares of Civista Bancshares and gave the company a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Civista Bancshares has a consensus rating of “Hold” and a consensus target price of $22.65.
Shares of Civista Bancshares (NASDAQ CIVB) traded up 0.99% during trading on Monday, reaching $19.47. 26,165 shares of the company’s stock were exchanged. The firm has a market capitalization of $198.01 million, a PE ratio of 14.45 and a beta of 0.47. Civista Bancshares has a 52 week low of $13.51 and a 52 week high of $23.75. The company’s 50-day moving average price is $20.67 and its 200 day moving average price is $21.32.
Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $17.47 million during the quarter, compared to analyst estimates of $17.70 million. Civista Bancshares had a return on equity of 7.85% and a net margin of 20.59%. Analysts predict that Civista Bancshares will post $1.27 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Tuesday, July 18th were given a $0.06 dividend. The ex-dividend date was Friday, July 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.23%. Civista Bancshares’s payout ratio is 17.65%.
In related news, Director David A. Voight sold 5,884 shares of Civista Bancshares stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $20.78, for a total value of $122,269.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 2,050 shares of company stock valued at $40,238. Corporate insiders own 4.79% of the company’s stock.
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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.
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