Civista Bancshares Inc Receives a Buy from Boenning & Scattergood

By Ryan Adsit

Boenning & Scattergood analyst Scott Beury maintained a Buy rating on Civista Bancshares Inc (NASDAQ: CIVB) today and set a price target of $24. The company’s shares opened today at $20.77.

According to TipRanks.com, Beury is a 3-star analyst with an average return of 22.8% and a 100.0% success rate. Beury covers the Financial sector, focusing on stocks such as Farmers & Merchants Bancorp, Inc., Independent Bank Corporation, and United Community Financial.

Civista Bancshares Inc has an analyst consensus of Hold.

The company has a one year high of $23.75 and a one year low of $12.99. Currently, Civista Bancshares Inc has an average volume of 59.5K.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CIVB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Civista Bancshares, Inc. is a financial holding company that engages 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.