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

Civista Bancshares Inc (CIVB) was Reiterated by Hovde Group to “Market Perform” while Lowering the Price Target of the company shares to $ 14.50 from a previous price target of $15.25 . Hovde Group advised their investors in a research report released on Jul 25, 2016.

Many Wall Street Analysts have commented on Civista Bancshares Inc. Shares were Reiterated by Hovde Group on Jul 25, 2016 to “Market Perform” and Lowered the Price Target to $ 14.50 from a previous price target of $15.25 .Company shares were Downgraded by Hovde Group on Jul 11, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 14.50 from a previous price target of $13.25 .

Civista Bancshares Inc closed down -0.1 points or -0.69% at $14.3 with 70,123 shares getting traded on Wednesday. Post opening the session at $14.5, the shares hit an intraday low of $14.07 and an intraday high of $14.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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