Trexquant Investment LP lifted its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 166.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,868 shares of the bank's stock after purchasing an additional 24,878 shares during the period. Trexquant Investment LP owned 0.25% of Civista Bancshares worth $839,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Inspire Investing LLC grew its position in shares of Civista Bancshares by 1.1% in the 4th quarter. Inspire Investing LLC now owns 52,528 shares of the bank's stock worth $1,105,000 after buying an additional 554 shares during the last quarter. SG Americas Securities LLC increased its position in Civista Bancshares by 15.6% during the 4th 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 during the period. Park National Corp OH increased its position in Civista Bancshares by 8.6% during the 4th quarter. Park National Corp OH now owns 25,275 shares of the bank's stock valued at $532,000 after purchasing an additional 2,000 shares during the period. Empowered Funds LLC raised its holdings in Civista Bancshares by 5.0% in the 4th quarter. Empowered Funds LLC now owns 52,617 shares of the bank's stock worth $1,107,000 after purchasing an additional 2,482 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Civista Bancshares in the 3rd quarter worth about $45,000. 52.10% of the stock is owned by institutional investors.
Civista Bancshares Stock Performance
Shares of Civista Bancshares stock traded up $0.22 on Thursday, hitting $19.71. 10,232 shares of the company's stock were exchanged, compared to its average volume of 47,529. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $23.70. The company has a 50-day simple moving average of $19.93 and a 200-day simple moving average of $20.46. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $305.09 million, a PE ratio of 9.78 and a beta of 0.67.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its earnings results on Thursday, January 30th. The bank reported $0.63 EPS 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%. As a group, equities analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current year.
Civista Bancshares Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.45%. Civista Bancshares's dividend payout ratio is 33.66%.
Analyst Upgrades and Downgrades
CIVB has been the subject of several research analyst reports. StockNews.com upgraded shares of Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Stephens reaffirmed an "equal weight" rating and issued a $24.00 price target on shares of Civista Bancshares in a research note on Friday, January 31st. Finally, DA Davidson set a $27.00 price objective on Civista Bancshares in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.40.
Get Our Latest Report 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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