Alert: Positive Investment/Fundamental Signals (12/8/23)-Civista Bancshares Inc (NASDAQ: CIVB)


Extremely significant positive changes in Civista Bancshares Inc (NASDAQ: CIVB) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.

Recent modest positive changes in fundamentals have benefitted Civista Bancshares Inc (NASDAQ: CIVB). Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CIVB is expected to continue to be a modest Value Builder.

Civista Bancshares has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Civista Bancshares has a good Appreciation Score of 84 but a neutral Power Rating of 46, producing the Positive Value Trend Rating.

Recent Price Action

Civista Bancshares Inc (NASDAQ: CIVB) stock closed at $16.55 on 12/8/23 after a slight gain of 0.2%. NORMAL trading volume accompanied the advance. The stock has risen 5.8% during the last week and has performed in line with the market over the last nine months.

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