Civista Bancshares Inc (CIVB) is Downgraded by Hovde Group to Market Perform, Raises Price Target to $ 14.50

Civista Bancshares Inc (CIVB) was Downgraded by Hovde Group to ” Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 14.50 from a previous price target of $13.25 . Earlier the firm had a rating of “Outperform ” on the company shares. Hovde Group advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Civista Bancshares Inc. Company shares were Upgraded by Hovde Group on Apr 25, 2016 to ” Outperform”, Firm has raised the Price Target to $ 12.50 from a previous price target of $11.75 .

Civista Bancshares Inc opened for trading at $13.7102 and hit $13.7102 on the upside on Friday, eventually ending the session at $13.68, with a gain of 1.94% or 0.26 points. The heightened volatility saw the trading volume jump to 6,454 shares. Company has a market cap of $108 M.

In a different news, on Jun 21, 2016, Allen R Nickles (director) purchased 200 shares at $12.10 per share price. According to the SEC, on May 24, 2016, Dennis E Jr Murray (director) purchased 700 shares at $11.63 per share price. On Sep 22, 2015, James E Mcgookey (Senior Vice President) purchased 2 shares at $9.90 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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