Segall Bryant & Hamill LLC acquired a new position in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 84,306 shares of the bank's stock, valued at approximately $1,774,000. Segall Bryant & Hamill LLC owned 0.54% of Civista Bancshares at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Civista Bancshares in the third quarter valued at about $45,000. SG Americas Securities LLC boosted its holdings in Civista Bancshares by 15.6% during the fourth quarter. SG Americas Securities LLC now owns 6,624 shares of the bank's stock valued at $139,000 after purchasing an additional 892 shares in the last quarter. Summit Global Investments bought a new stake in shares of Civista Bancshares in the 4th quarter valued at approximately $272,000. Jane Street Group LLC raised its holdings in shares of 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 in the last quarter. Finally, Park National Corp OH lifted its position in shares of Civista Bancshares by 8.6% during the 4th quarter. Park National Corp OH now owns 25,275 shares of the bank's stock worth $532,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 52.10% of the company's stock.
Civista Bancshares Trading Up 0.4 %
Shares of CIVB stock traded up $0.07 during trading hours on Monday, reaching $19.54. The company had a trading volume of 89,386 shares, compared to its average volume of 46,805. 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 $23.70. The firm has a market cap of $302.46 million, a price-to-earnings ratio of 9.67 and a beta of 0.79. The company has a 50 day moving average of $20.57 and a 200 day moving average of $20.35.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly 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 net margin of 12.96% and a return on equity of 8.35%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from Civista Bancshares's previous quarterly dividend of $0.16. Civista Bancshares's dividend payout ratio (DPR) is currently 33.66%.
Analysts Set New Price Targets
A number of brokerages have issued reports on CIVB. StockNews.com raised Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. Stephens reaffirmed an "equal weight" rating and set a $24.00 price objective on shares of Civista Bancshares in a report on Friday, January 31st. Finally, DA Davidson set a $27.00 target price on shares of Civista Bancshares in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.40.
Get Our Latest Analysis on CIVB
About Civista Bancshares
(
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.
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