KBW Remains a Buy on Civista Bancshares Inc

By Carrie Williams

In a report issued on July 28, Michael Perito from KBW reiterated a Buy rating on Civista Bancshares Inc (NASDAQ: CIVB), with a price target of $24. The company’s shares closed on Friday at $20.52.

According to TipRanks.com, Perito is a top 100 analyst with an average return of 21.3% and a 79.6% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

Currently, the analyst consensus on Civista Bancshares Inc is Moderate Buy and the average price target is $24, representing a 17.0% upside.

In a report issued on July 28, Boenning & Scattergood also maintained a Buy rating on the stock with a $24 price target.

The company has a one year high of $23.75 and a one year low of $13.51. Currently, Civista Bancshares Inc has an average volume of 58.8K.

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.