American Century Companies Inc. increased its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 55.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 191,316 shares of the bank's stock after acquiring an additional 67,889 shares during the period. American Century Companies Inc. owned approximately 1.22% of Civista Bancshares worth $4,025,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC grew its holdings in Civista Bancshares by 40.7% in the third quarter. Barclays PLC now owns 51,521 shares of the bank's stock valued at $917,000 after purchasing an additional 14,909 shares during the period. State Street Corp lifted its holdings in Civista Bancshares by 1.1% during the third quarter. State Street Corp now owns 298,557 shares of the bank's stock valued at $5,320,000 after purchasing an additional 3,112 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Civista Bancshares by 90.1% in the third quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank's stock valued at $453,000 after purchasing an additional 12,059 shares during the period. Geode Capital Management LLC increased its stake in shares of Civista Bancshares by 2.8% during the third quarter. Geode Capital Management LLC now owns 348,352 shares of the bank's stock worth $6,208,000 after purchasing an additional 9,501 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Civista Bancshares by 45.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,161 shares of the bank's stock worth $950,000 after purchasing an additional 14,066 shares during the last quarter. Hedge funds and other institutional investors own 52.10% of the company's stock.
Civista Bancshares Price Performance
Shares of Civista Bancshares stock traded down $0.78 on Thursday, hitting $18.85. 56,641 shares of the company were exchanged, compared to its average volume of 47,422. Civista Bancshares, Inc. has a 1-year low of $13.60 and a 1-year high of $23.70. 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 stock has a market capitalization of $291.78 million, a price-to-earnings ratio of 9.33 and a beta of 0.67. The company has a 50-day moving average price of $20.11 and a 200 day moving average price of $20.44.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last issued its earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earnings per share for the current fiscal year.
Civista Bancshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a dividend of $0.17 per share. This is a boost from Civista Bancshares's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 3.61%. The ex-dividend date was Tuesday, February 4th. Civista Bancshares's dividend payout ratio (DPR) is presently 33.66%.
Analyst Ratings Changes
Several research firms have commented on CIVB. DA Davidson set a $27.00 price objective on Civista Bancshares in a research note on Friday, January 31st. Stephens reiterated an "equal weight" rating and set a $24.00 price target on shares of Civista Bancshares in a research report on Friday, January 31st. Finally, StockNews.com upgraded Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Civista Bancshares has a consensus rating of "Moderate Buy" and a consensus target price of $23.40.
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About Civista Bancshares
(
Free Report)
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.
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