KBW Believes CIVB Won’t Stop Here

By Carrie Williams

Civista Bancshares (NASDAQ: CIVB) received a Buy rating from KBW analyst Michael Perito today. The company’s shares closed yesterday at $15.66, close to its 52-week high of $15.72.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 35.2% and a 93.3% success rate. Perito covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp., Univest Corporation Of Pennsylvania, and Orrstown Financial Services Inc.

Civista Bancshares has an analyst consensus of Moderate Buy.

Civista Bancshares’ market cap is currently $128.9M and has a P/E ratio of 10.24. The company has a book value ratio of 1.0874.

Civista Bancshares, Inc. is a financial holding company. It is primarily engaged in the business of community banking. The company’s general banking business, which involves in collecting customer deposits, making loans, purchasing securities, and offering Trust services. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial and installment loans. Civista Bancshares was founded on February 19, 1987 and is headquartered in Sandusky, OH.