JPMorgan Chase & Co. Purchases 12,059 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

JPMorgan Chase & Co. lifted its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 90.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,438 shares of the bank's stock after acquiring an additional 12,059 shares during the period. JPMorgan Chase & Co. owned 0.16% of Civista Bancshares worth $453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in Civista Bancshares by 40.7% in the third quarter. Barclays PLC now owns 51,521 shares of the bank's stock worth $917,000 after acquiring an additional 14,909 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Civista Bancshares by 2.8% in the 3rd 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. Public Employees Retirement System of Ohio acquired a new stake in Civista Bancshares in the 3rd quarter valued at $45,000. Jane Street Group LLC increased its stake in Civista Bancshares by 24.2% during the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank's stock valued at $360,000 after purchasing an additional 3,934 shares in the last quarter. Finally, State Street Corp increased its stake in 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 in the last quarter. 52.10% of the stock is owned by institutional investors.

Civista Bancshares Stock Up 3.1 %

CIVB stock traded up $0.67 during trading on Friday, reaching $22.06. The stock had a trading volume of 95,234 shares, compared to its average volume of 42,517. 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 company has a market capitalization of $347.22 million, a price-to-earnings ratio of 10.98 and a beta of 0.82. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $23.69. The company's 50 day moving average is $21.48 and its two-hundred day moving average is $19.33.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released 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 8.33% and a net margin of 13.12%. Equities research analysts forecast that Civista Bancshares, Inc. will post 1.92 EPS for the current year.

Civista Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $0.68 annualized dividend and a yield of 3.08%. This is a positive change from Civista Bancshares's previous quarterly dividend of $0.16. Civista Bancshares's dividend payout ratio (DPR) is 31.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CIVB shares. Hovde Group upgraded 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 report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on Civista Bancshares from $22.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Finally, Stephens restated an "equal weight" rating and issued a $24.00 target price on shares of Civista Bancshares in a report on Friday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Civista Bancshares 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.