Vanguard Group Inc. Increases Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Vanguard Group Inc. boosted its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 1.1% during the first quarter, Holdings Channel.com reports. The firm owned 812,806 shares of the bank’s stock after acquiring an additional 8,797 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Civista Bancshares worth $12,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CIVB. SG Americas Securities LLC grew its holdings in Civista Bancshares by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock worth $156,000 after purchasing an additional 1,736 shares during the period. Victory Capital Management Inc. grew its holdings in Civista Bancshares by 9.7% in the fourth quarter. Victory Capital Management Inc. now owns 47,700 shares of the bank’s stock worth $880,000 after purchasing an additional 4,212 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Civista Bancshares by 41.1% during the fourth quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after buying an additional 5,440 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at approximately $109,000. Finally, Gendell Jeffrey L purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at approximately $184,000. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CIVB. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Piper Sandler increased their price target on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.25.

Civista Bancshares Price Performance

Shares of CIVB opened at $15.89 on Wednesday. The firm has a fifty day simple moving average of $15.59 and a two-hundred day simple moving average of $15.22. The firm has a market cap of $249.90 million, a PE ratio of 6.82 and a beta of 0.82. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31. Civista Bancshares, Inc. has a 1-year low of $13.60 and a 1-year high of $19.00.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $36.57 million. Civista Bancshares had a return on equity of 9.34% and a net margin of 14.48%. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, equities analysts anticipate that Civista Bancshares, Inc. will post 1.75 EPS for the current year.

Civista Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, August 6th. Civista Bancshares’s payout ratio is 27.47%.

About Civista Bancshares

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.