Barclays PLC grew its stake in Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) by 31.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,387 shares of the bank’s stock after acquiring an additional 4,861 shares during the quarter. Barclays PLC owned 0.13% of Civista Bancshares worth $345,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in CIVB. Acadian Asset Management LLC raised its stake in shares of Civista Bancshares by 33.1% in the first quarter. Acadian Asset Management LLC now owns 20,005 shares of the bank’s stock worth $480,000 after purchasing an additional 4,975 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Civista Bancshares by 58.3% in the first quarter. MetLife Investment Management LLC now owns 8,279 shares of the bank’s stock worth $200,000 after purchasing an additional 3,049 shares during the last quarter. LSV Asset Management raised its stake in shares of Civista Bancshares by 4.6% in the first quarter. LSV Asset Management now owns 138,429 shares of the bank’s stock worth $3,336,000 after purchasing an additional 6,097 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Civista Bancshares by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 600,664 shares of the bank’s stock worth $14,476,000 after purchasing an additional 26,426 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Civista Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 680,374 shares of the bank’s stock worth $16,397,000 after purchasing an additional 4,800 shares during the last quarter. 50.16% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
CIVB has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and issued a $22.00 price target on shares of Civista Bancshares in a research note on Tuesday, August 1st. StockNews.com assumed coverage on Civista Bancshares in a research report on Thursday, August 17th. They set a “hold” rating for the company. TheStreet upgraded Civista Bancshares from a “c+” rating to a “b-” rating in a research report on Monday, July 24th. Finally, Piper Sandler assumed coverage on Civista Bancshares in a research report on Wednesday, May 3rd. They set an “overweight” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.00.
Civista Bancshares Stock Performance
Shares of CIVB opened at $16.95 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $17.76 and a two-hundred day simple moving average of $17.47. The stock has a market cap of $266.96 million, a price-to-earnings ratio of 5.75 and a beta of 0.81. Civista Bancshares, Inc. has a 52 week low of $14.02 and a 52 week high of $24.28.
Civista Bancshares (NASDAQ:CIVB – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The company had revenue of $40.49 million during the quarter, compared to analysts’ expectations of $41.70 million. Civista Bancshares had a return on equity of 13.84% and a net margin of 24.13%. On average, analysts expect that Civista Bancshares, Inc. will post 2.72 EPS for the current year.
Civista Bancshares Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Tuesday, August 8th were given a $0.16 dividend. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, August 7th. This represents a $0.64 dividend on an annualized basis and a yield of 3.78%. Civista Bancshares’s dividend payout ratio is presently 21.69%.
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.
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