Trexquant Investment LP Purchases 24,878 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Trexquant Investment LP raised its position in Civista Bancshares, Inc. (NASDAQ:CIVB) by 166.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,868 shares of the bank’s stock after buying an additional 24,878 shares during the quarter. Trexquant Investment LP’s holdings in Civista Bancshares were worth $839,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CIVB. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Civista Bancshares by 210.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank’s stock worth $3,152,000 after acquiring an additional 101,610 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Civista Bancshares during the fourth quarter worth $1,774,000. American Century Companies Inc. lifted its stake in Civista Bancshares by 55.0% during the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank’s stock worth $4,025,000 after purchasing an additional 67,889 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Civista Bancshares by 271.7% in the 4th quarter. Prudential Financial Inc. now owns 53,355 shares of the bank’s stock valued at $1,123,000 after purchasing an additional 39,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Civista Bancshares by 120.7% in the 4th quarter. JPMorgan Chase & Co. now owns 56,144 shares of the bank’s stock valued at $1,181,000 after purchasing an additional 30,706 shares during the last quarter. 52.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CIVB. Stephens restated an “equal weight” rating and set a $24.00 price objective on shares of Civista Bancshares in a research report on Friday, January 31st. StockNews.com raised shares of Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Finally, DA Davidson set a $27.00 price target on shares of Civista Bancshares in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

Civista Bancshares Trading Down 2.2 %

Shares of CIVB stock opened at $18.44 on Friday. Civista Bancshares, Inc. has a twelve month low of $13.60 and a twelve month high of $23.70. The stock’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $20.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $285.43 million, a P/E ratio of 9.13 and a beta of 0.67.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. As a group, sell-side analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Civista Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.69%. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, February 4th. Civista Bancshares’s payout ratio is presently 33.66%.

Civista Bancshares Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.