Rating Action: Is Keefe Bruyette & Woods Very Positive For Civista Bancshares (NASDAQ:CIVB) After Its Upgrade?

November 29, 2016 - By Adrian Mccoy

Rating Action:  Is Keefe Bruyette & Woods Very Positive For Civista Bancshares (NASDAQ:CIVB) After Its Upgrade?

Civista Bancshares (NASDAQ:CIVB) Upgrade

Keefe Bruyette & Woods upped Civista Bancshares (NASDAQ:CIVB)‘s stock to a “Outperform” rating from “Market Perform”. The rating change was revealed to investors in a analysts note today.

Civista Bancshares Inc (NASDAQ:CIVB) Ratings Coverage

Out of 2 analysts covering Civista Bancshares (NASDAQ:CIVB), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Civista Bancshares has been the topic of 4 analyst reports since April 25, 2016 according to StockzIntelligence Inc. The stock of Civista Bancshares Inc (NASDAQ:CIVB) earned “Market Perform” rating by Hovde Group on Monday, October 24. Hovde Group upgraded the stock to “Outperform” rating in Monday, April 25 report. The company was downgraded on Monday, July 11 by Hovde Group. The rating was upgraded by Sandler O’Neill on Monday, October 24 to “Buy”.

About 36,436 shares traded hands or 110.41% up from the average. Civista Bancshares Inc (NASDAQ:CIVB) has risen 36.17% since April 26, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.

Analysts await Civista Bancshares Inc (NASDAQ:CIVB) to report earnings on January, 27.

Civista Bancshares, Inc. is a financial holding company. The company has a market cap of $135.22 million. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. It has a 10.77 P/E ratio. 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.

According to Zacks Investment Research, “Civista Bancshares, Inc. is a bank holding company. The Company is involved in the business of community banking, through its subsidiaries. It operates primarily in Ohio. Civista Bancshares, Inc., formerly known as First Citizens Banc Corp, is based in SANDUSKY, United States.”

CIVB Company Profile

Civista Bancshares, Inc., incorporated on February 19, 1987, 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. The Company’s subsidiaries include First Citizens Insurance Agency, Inc., Water Street Properties, First Citizens Investments, Inc., FC Refund Solutions, Inc. (FCRS) and First Citizens Capital LLC.

More recent Civista Bancshares Inc (NASDAQ:CIVB) news were published by: Nasdaq.com which released: “Civista Bancshares, Inc. (CIVB) Ex-Dividend Date Scheduled for October 14, 2016” on October 13, 2016. Also Prnewswire.com published the news titled: “First Citizens Banc Corp renames itself Civista Bancshares, Inc.” on May 01, 2015. Reuters.com‘s news article titled: “BRIEF-Civista Bancshares announces third quarter 2016 earnings” with publication date: October 21, 2016 was also an interesting one.

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