Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 45.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,161 shares of the bank's stock after buying an additional 14,066 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.29% of Civista Bancshares worth $950,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in Civista Bancshares by 5.3% in the third quarter. Empowered Funds LLC now owns 50,135 shares of the bank's stock valued at $893,000 after acquiring an additional 2,546 shares during the last quarter. State Street Corp increased its position in shares of Civista Bancshares by 1.1% during the 3rd 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 during the last quarter. Jane Street Group LLC lifted its position in Civista Bancshares by 24.2% in the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank's stock worth $360,000 after buying an additional 3,934 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Civista Bancshares in the third quarter worth approximately $45,000. Finally, Barclays PLC grew its position in Civista Bancshares by 40.7% during the third quarter. Barclays PLC now owns 51,521 shares of the bank's stock valued at $917,000 after acquiring an additional 14,909 shares during the last quarter. 52.10% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on CIVB shares. Keefe, Bruyette & Woods boosted their price objective on shares of Civista Bancshares from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Civista Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Stephens reaffirmed an "equal weight" rating and set a $24.00 price objective on shares of Civista Bancshares in a research note on Friday, January 31st. Finally, DA Davidson set a $27.00 target price on Civista Bancshares in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Civista Bancshares has an average rating of "Moderate Buy" and a consensus target price of $23.40.
View Our Latest Stock Report on Civista Bancshares
Civista Bancshares Trading Up 1.5 %
CIVB traded up $0.30 during trading on Monday, hitting $19.83. 19,990 shares of the stock traded hands, compared to its average volume of 44,647. The firm has a market capitalization of $306.95 million, a P/E ratio of 9.82 and a beta of 0.79. Civista Bancshares, Inc. has a 12-month low of $13.60 and a 12-month high of $23.70. 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 firm has a 50-day moving average of $20.63 and a 200 day moving average of $20.25.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. Equities research analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current year.
Civista Bancshares Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders 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 a boost from Civista Bancshares's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.43%. Civista Bancshares's payout ratio is 33.66%.
Civista Bancshares Company Profile
(
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.
Further Reading
Before you consider Civista Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Civista Bancshares wasn't on the list.
While Civista Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
