Civista Bancshares Inc (CIVB) is Upgraded by Keefe Bruyette to Outperform

Civista Bancshares Inc (CIVB) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on Civista Bancshares Inc. Company shares were Reiterated by Hovde Group on Oct 24, 2016 to “Market Perform”, Firm has raised the Price Target to $ 15.75 from a previous price target of $15.25 .Civista Bancshares Inc was Upgraded by Sandler O’Neill to ” Buy” on Oct 24, 2016.

Civista Bancshares Inc opened for trading at $15.31 and hit $15.41 on the upside on Friday, eventually ending the session at $15.41, with a gain of 0.39% or 0.06 points. The heightened volatility saw the trading volume jump to 4,444 shares. Company has a market cap of $127 M.

In a different news, on Nov 15, 2016, Allen R Nickles (director) purchased 300 shares at $15.00 per share price. According to the SEC, on Oct 28, 2016, John A Betts (Senior Vice President) purchased 34 shares at $14.70 per share price. On Aug 29, 2016, Thomas A Depler (director) sold 4,002 shares at $14.30 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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