Civista Bancshares Inc (CIVB) is Upgraded by Hovde Group to Outperform, Raises Price Target to $ 12.50

Civista Bancshares Inc (CIVB) was Upgraded by Hovde Group to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 12.50 from a previous price target of $11.75 . Earlier the firm had a rating of “Market Perform ” on the company shares. Hovde Group advised their investors in a research report released on Apr 25, 2016.

Civista Bancshares Inc opened for trading at $10.88 and hit $11.18 on the upside on Friday, eventually ending the session at $10.9, with a gain of 0.55% or 0.0601 points. The heightened volatility saw the trading volume jump to 45,540 shares. Company has a market cap of $86 M.

In a different news, on Feb 9, 2016, Allen R Nickles (director) purchased 500 shares at $10.85 per share price. According to the SEC, on Sep 22, 2015, James E Mcgookey (Senior Vice President) purchased 2 shares at $9.90 per share price. On Aug 26, 2015, James O Miller (CEO) purchased 1,000 shares at $10.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Civista Bancshares Inc. formerly First Citizens Banc Corp is a financial holding company. The Company through the subsidiary bank The Citizens Banking Company (Citizens) is primarily engaged in the business of community banking. Citizens located in Erie Crawford Champaign Franklin Logan 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. Its subsidiaries include First Citizens Insurance Agency Inc. Water Street Properties First Citizens Investments Inc. FC Refund Solutions Inc. and First Citizens Capital LLC. The Company focuses its lending activities on real estate loans both residential and commercial in nature. Its securities are classified as available-for-sale securities. Its range of deposits includes non-interest-bearing demand deposits interest-bearing demand deposits savings account and market deposit accounts.

Civista Bancshares Inc

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