Short Interest to Follow: Can Civista Bancshares Incorporated (NASDAQ:CIVB)’s Tomorrow be Different? The Stock Had Increase in Shorts

November 29, 2016 - By Dolores Ford   ·   0 Comments

Short Interest to Follow: Can Civista Bancshares Incorporated (NASDAQ:CIVB)’s Tomorrow be Different? The Stock Had Increase in Shorts

The stock of Civista Bancshares Incorporated (NASDAQ:CIVB) registered an increase of 4.4% in short interest. CIVB’s total short interest was 26,100 shares in November as published by FINRA. Its up 4.4% from 25,000 shares, reported previously. With 15,100 shares average volume, it will take short sellers 2 days to cover their CIVB’s short positions. The short interest to Civista Bancshares Incorporated’s float is 0.35%. About 33,905 shares traded hands or 95.79% up from the average. Civista Bancshares Inc (NASDAQ:CIVB) has risen 36.17% since April 26, 2016 and is uptrending. It has outperformed by 30.91% the S&P500.

Civista Bancshares, Inc. is a financial holding company. The company has a market cap of $134.22 million. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. It has a 10.69 P/E ratio. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

Civista Bancshares Inc (NASDAQ:CIVB) Ratings Coverage

Out of 2 analysts covering Civista Bancshares (NASDAQ:CIVB), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Civista Bancshares has been the topic of 4 analyst reports since April 25, 2016 according to StockzIntelligence Inc. The stock of Civista Bancshares Inc (NASDAQ:CIVB) has “Outperform” rating given on Monday, April 25 by Hovde Group. The rating was maintained by Hovde Group with “Market Perform” on Monday, October 24. The firm earned “Market Perform” rating on Monday, July 11 by Hovde Group. Sandler O’Neill upgraded Civista Bancshares Inc (NASDAQ:CIVB) on Monday, October 24 to “Buy” rating.

CIVB Company Profile

Civista Bancshares, Inc., incorporated on February 19, 1987, is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. The Company’s subsidiaries include First Citizens Insurance Agency, Inc., Water Street Properties, First Citizens Investments, Inc., FC Refund Solutions, Inc. (FCRS) and First Citizens Capital LLC.

More recent Civista Bancshares Inc (NASDAQ:CIVB) news were published by: Nasdaq.com which released: “Civista Bancshares, Inc. (CIVB) Ex-Dividend Date Scheduled for October 14, 2016” on October 13, 2016. Also Prnewswire.com published the news titled: “First Citizens Banc Corp renames itself Civista Bancshares, Inc.” on May 01, 2015. Reuters.com‘s news article titled: “BRIEF-Civista Bancshares announces third quarter 2016 earnings” with publication date: October 21, 2016 was also an interesting one.

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By Dolores Ford


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