Stock Rating Upgrade
The Value Trend Rating for Civista Bancshares Inc (NASDAQ: CIVB) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Civista Bancshares Inc (NASDAQ: CIVB) stock closed at $17.75 on 9/27/24 after a modest gain of 0.4%. However, below average trading volume at 73% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -2.0% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Civista Bancshares has a neutral Power Rating of 54 but a good Appreciation Score of 78, resulting in the Positive Value Trend Rating.
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