Civista Bancshares Inc (NASDAQ: CIVB). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and positive upside/downside volume developed.
Meaningful positive changes in Civista Bancshares Inc (NASDAQ: CIVB) 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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Civista Bancshares has a good Appreciation Score of 84 but a slightly negative Power Rating of 30, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 7/11/24, Civista Bancshares Inc (NASDAQ: CIVB) stock enjoyed a large increase of 3.6%, closing at $15.49. Moreover, unusually high trading volume at 185% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 2.6% during the last week.
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