Civista Bancshares, Inc. (NASDAQ:CIVB) Stake Lessened by Ritholtz Wealth Management

Ritholtz Wealth Management trimmed its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,452 shares of the bank's stock after selling 26,048 shares during the period. Ritholtz Wealth Management owned 0.30% of Civista Bancshares worth $977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Civista Bancshares by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 24,199 shares of the bank's stock valued at $375,000 after buying an additional 619 shares during the period. Victory Capital Management Inc. grew its position in Civista Bancshares by 5.4% during the second quarter. Victory Capital Management Inc. now owns 51,650 shares of the bank's stock valued at $800,000 after acquiring an additional 2,650 shares during the period. Dimensional Fund Advisors LP grew its position in Civista Bancshares by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank's stock valued at $12,316,000 after acquiring an additional 6,234 shares during the period. Hsbc Holdings PLC increased its stake in Civista Bancshares by 30.9% during the second quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank's stock worth $318,000 after acquiring an additional 4,985 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Civista Bancshares in the 2nd quarter worth about $323,000. Hedge funds and other institutional investors own 52.10% of the company's stock.

Civista Bancshares Stock Up 1.9 %

NASDAQ CIVB traded up $0.39 on Monday, reaching $20.88. The company had a trading volume of 54,639 shares, compared to its average volume of 49,654. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $23.69. The firm has a 50-day moving average of $21.73 and a 200-day moving average of $18.95. The firm has a market capitalization of $328.59 million, a PE ratio of 10.39 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. The business had revenue of $62.43 million during the quarter, compared to the consensus estimate of $37.60 million. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, equities research analysts anticipate that Civista Bancshares, Inc. will post 1.91 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Tuesday, November 5th. Civista Bancshares's dividend payout ratio (DPR) is 31.84%.

Analyst Ratings Changes

A number of research firms recently issued reports on CIVB. Stephens increased their target price on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Hovde Group raised shares of Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.75.

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.