Extremely important positive changes in investment behavior have recently occurred for Civista Bancshares Inc (NASDAQ: CIVB): the stock rose on very heavy volume, and its shorter term price trend turned up.
Civista Bancshares Inc (NASDAQ: CIVB). Notable positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CIVB’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Civista Bancshares has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Civista Bancshares has a good Appreciation Score of 82 but a poor Power Rating of 29, producing the Neutral Value Trend Rating.
Recent Price Action
On 6/28/24, Civista Bancshares Inc (NASDAQ: CIVB) stock enjoyed a very large increase of 5.8%, closing at $15.49. Moreover, exceptionally high trading volume at 499% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 11.4% during the last week.
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