In a report released today, Nicholas Cucharale from Piper Sandler maintained a Buy rating on Civista Bancshares (CIVB), with a price target of $17.50. The company’s shares closed last Friday at $15.35.
According to TipRanks.com, Cucharale is a 2-star analyst with an average return of 1.0% and a 51.0% success rate. Cucharale covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, 1St Constitution Bancorp [Nj], and Farmers & Merchants Bancorp.
Civista Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $18.13.
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Based on Civista Bancshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $28.6 million and net profit of $6.5 million. In comparison, last year the company earned revenue of $26.3 million and had a net profit of $8.66 million.
Based on the recent corporate insider activity of 78 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 community banking business. 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 firm’s primary deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial and installment loans. Civista Bancshares was founded on February 19, 1987 and is headquartered in Sandusky, OH.