Civista Bancshares, Inc. (NASDAQ: CIVB – Get an assessment) – Investment analysts DA Davidson raised their fiscal 2023 earnings per share estimates for Cavista Bancshares shares in a research note released on Monday, October 31. DA Davidson analyst Navas now expects the bank to post earnings per share of $3.10 for the year, up from its previous estimate of $3.00. Civista Bancshares’ current annual earnings consensus estimate is $2.46 per share.
A number of other research companies have also recently commented on the CIVB. Stephens raised his price target on Civista Bancshares to $27.00 in a Tuesday, August 23 research note. StockNews.com Civista Bancshares upgraded from a “hold” rating to a “buy” rating in a research note on Friday. Hovde Group downgraded Civista Banc shares from an “outperform” rating to a “market perform” rating and set a target price of $25.00 for the company. in a Friday July 29 research note. Finally, Piper Sandler lowered her price target on Civista Bancshares to $23.50 in a Thursday, September 29 research note.
Civista Banc shares trade up 1.2%
CIVB opened at $23.70 on Tuesday. The stock has a market capitalization of $365.45 million, a PE ratio of 9.29 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a leverage ratio of 0.59. The company has a 50-day moving average of $21.41 and a 200-day moving average of $21.47. Civista Bancshares has a 52-week low of $20.10 and a 52-week high of $25.94.
Institutional Equity Trading Civista Banc
A number of institutional investors and hedge funds have recently changed their holdings in CIVB. Fifth Third Bancorp purchased a new equity stake from Civista Bancshares in Q3 for $30,000. Venture Visionary Partners LLC bought a new stake in shares of Civista Bancshares in Q2 worth $35,000. Amalgamated Bank purchased a new equity stake from Civista Bancshares in Q1 worth $43,000. SG Americas Securities LLC bought a new stake in shares of Civista Bancshares in Q2 for $126,000. Lastly, BNP Paribas Arbitrage SA increased its stake in Cavista Bancshares shares by 78.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,108 shares in the bank worth $130,000 after buying an additional 2,689 shares last quarter. Institutional investors hold 52.59% of the company’s shares.
Civista Bancshares dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 22. Shareholders of record on Tuesday, November 8 will receive a dividend of $0.14 per share. This represents a dividend of $0.56 on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, November 7. The distribution rate of Civista Bancshares is 21.96%.
About Civista Bancshares
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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