Civista Bancshares, Inc. (NASDAQ:CIVB) Stock Holdings Trimmed by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lowered its position in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,471 shares of the bank's stock after selling 78,680 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.96% of Civista Bancshares worth $3,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Civista Bancshares during the 3rd quarter valued at about $45,000. SG Americas Securities LLC raised its position in shares of Civista Bancshares by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank's stock worth $139,000 after purchasing an additional 892 shares during the last quarter. Summit Global Investments purchased a new stake in Civista Bancshares in the 4th quarter valued at approximately $272,000. Jane Street Group LLC grew its holdings 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 buying an additional 3,934 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Civista Bancshares by 90.1% during the third quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank's stock worth $453,000 after buying an additional 12,059 shares in the last quarter. Institutional investors and hedge funds own 52.10% of the company's stock.

Civista Bancshares Stock Down 0.1 %

NASDAQ:CIVB traded down $0.01 during trading hours on Monday, hitting $19.46. The stock had a trading volume of 7,047 shares, compared to its average volume of 46,478. The business has a 50 day simple moving average of $20.57 and a two-hundred day simple moving average of $20.35. Civista Bancshares, Inc. has a 1-year low of $13.60 and a 1-year high of $23.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The company has a market cap of $301.22 million, a PE ratio of 9.63 and a beta of 0.79.

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 for the quarter, beating 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%. Analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Civista Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Tuesday, February 4th. This is a positive change from Civista Bancshares's previous quarterly dividend of $0.16. Civista Bancshares's payout ratio is 33.66%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CIVB shares. 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. DA Davidson set a $27.00 target price on Civista Bancshares in a research report on Friday, January 31st. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.40.

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.