The stock of Civista Bancshares Inc (NASDAQ:CIVB) hit a new 52-week high and has $17.06 target or 6.00% above today’s $16.09 share price. The 6 months bullish chart indicates low risk for the $134.72M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $17.06 price target is reached, the company will be worth $8.08M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 34,705 shares traded hands or 100.41% 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 (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 firm has “Market Perform” rating by Hovde Group given on Monday, October 24. The firm has “Buy” rating by Sandler O’Neill given on Monday, October 24. Hovde Group downgraded the stock to “Market Perform” rating in Monday, July 11 report. The stock has “Outperform” rating given by Hovde Group on Monday, April 25.
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.”
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.
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.
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