Civista Bancshares Inc (CIVB) Receives a Hold from Boenning & Scattergood


In a report released today, Scott Beury from Boenning & Scattergood maintained a Hold rating on Civista Bancshares Inc (CIVB). The company’s shares closed on Friday at $20.55.

According to TipRanks.com, Beury is a 3-star analyst with an average return of 2.1% and a 48.7% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers National Banc Corp Oh, Old National Bancorp Capital, and Independent Bank Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Civista Bancshares Inc.

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Based on Civista Bancshares Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $7.57 million. In comparison, last year the company had a net profit of $3.98 million.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CIVB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Civista Bancshares, Inc. is a financial holding company that engages in the business of community banking. The company’s general banking business, which involves in collecting customer deposits, making loans, purchasing securities, and offering Trust services.

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