Civista Bancshares Inc (NASDAQ: CIVB) has reported earnings for its second fiscal quarter (ending June 30) of $0.45 versus $0.64 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.13 versus $2.94 for the same period a year ago.
Recent Price Action
Civista Bancshares Inc (NASDAQ: CIVB) stock closed at $17.45 on 7/29/24 after a large decline of -8.1%. Trading volume in this decline was normal. Relative to the market the stock has been weak over the last nine months and has declined -1.0% 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 C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Civista Bancshares has a good Appreciation Score of 78 but a slightly negative Power Rating of 32, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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