Arrowstreet Capital Limited Partnership Buys 101,610 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Arrowstreet Capital Limited Partnership boosted its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 210.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,815 shares of the bank's stock after buying an additional 101,610 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.95% of Civista Bancshares worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Civista Bancshares by 120.7% in the fourth 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 in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Civista Bancshares during the 4th quarter valued at about $1,774,000. Prudential Financial Inc. increased its position in shares of Civista Bancshares by 271.7% during the fourth quarter. Prudential Financial Inc. now owns 53,355 shares of the bank's stock valued at $1,123,000 after buying an additional 39,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Civista Bancshares by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 857,968 shares of the bank's stock worth $18,052,000 after buying an additional 12,746 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Civista Bancshares by 55.0% in the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock valued at $4,025,000 after acquiring an additional 67,889 shares during the period. Institutional investors own 52.10% of the company's stock.

Wall Street Analyst Weigh In

CIVB has been the topic of a number of analyst reports. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. DA Davidson set a $27.00 price target on shares of Civista Bancshares in a report on Friday, January 31st. Finally, Stephens reissued an "equal weight" rating and set a $24.00 price objective on shares of Civista Bancshares in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Civista Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $23.40.

Civista Bancshares Price Performance

CIVB stock traded up $0.39 during midday trading on Tuesday, reaching $19.31. The company had a trading volume of 2,684 shares, compared to its average volume of 43,210. The firm has a 50-day moving average price of $20.01 and a 200-day moving average price of $20.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $298.90 million, a P/E ratio of 9.56 and a beta of 0.67. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $23.69.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Civista Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This is an increase from Civista Bancshares's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.52%. Civista Bancshares's dividend payout ratio (DPR) is 33.66%.

Civista Bancshares Company 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.