Mendon Capital Advisors Corp lifted its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,450 shares of the bank's stock after purchasing an additional 26,270 shares during the quarter. Civista Bancshares accounts for about 2.5% of Mendon Capital Advisors Corp's portfolio, making the stock its 12th biggest position. Mendon Capital Advisors Corp owned about 1.54% of Civista Bancshares worth $5,101,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC increased its position in shares of Civista Bancshares by 40.7% during 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. Arrowstreet Capital Limited Partnership boosted its stake in Civista Bancshares by 210.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after purchasing an additional 101,610 shares during the period. State Street Corp increased its holdings in Civista Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 298,557 shares of the bank's stock worth $5,320,000 after purchasing an additional 3,112 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Civista Bancshares by 271.7% in the 4th quarter. Prudential Financial Inc. now owns 53,355 shares of the bank's stock valued at $1,123,000 after purchasing an additional 39,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Civista Bancshares by 45.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,161 shares of the bank's stock valued at $950,000 after purchasing an additional 14,066 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors and hedge funds.
Civista Bancshares Stock Up 1.0 %
Shares of NASDAQ:CIVB traded up $0.21 during midday trading on Friday, hitting $21.06. The stock had a trading volume of 23,647 shares, compared to its average volume of 47,984. The company has a market cap of $325.99 million, a P/E ratio of 10.43 and a beta of 0.67. Civista Bancshares, Inc. has a 12 month low of $13.60 and a 12 month high of $23.70. The business's 50-day simple moving average is $19.79 and its 200-day simple moving average is $20.57. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.16. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. The company had revenue of $40.63 million for the quarter, compared to analyst estimates of $40.33 million. On average, sell-side analysts forecast that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.
Civista Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $0.68 annualized dividend and a yield of 3.23%. Civista Bancshares's dividend payout ratio is 33.66%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CIVB. Stephens increased their price objective on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday. DA Davidson set a $27.00 price target on shares of Civista Bancshares in a research note on Friday, January 31st. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.20.
Check Out Our Latest Research Report on CIVB
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.
Featured Articles
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
