Bank of Montreal Can bought a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,786 shares of the bank’s stock, valued at approximately $311,000. Bank of Montreal Can owned approximately 0.11% of Civista Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in Civista Bancshares by 74.1% in the first quarter. FMR LLC now owns 2,277 shares of the bank’s stock valued at $38,000 after purchasing an additional 969 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Civista Bancshares by 244.3% in the third quarter. Tower Research Capital LLC TRC now owns 2,565 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,820 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Civista Bancshares in the first quarter valued at approximately $70,000. BNP Paribas Arbitrage SA increased its stake in Civista Bancshares by 78.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,108 shares of the bank’s stock valued at $130,000 after purchasing an additional 2,689 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Civista Bancshares by 21.2% in the first quarter. SG Americas Securities LLC now owns 6,274 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,099 shares in the last quarter. Institutional investors own 50.16% of the company’s stock.
Analysts Set New Price Targets
CIVB has been the subject of several research analyst reports. Stephens reiterated an “overweight” rating and issued a $22.00 price target on shares of Civista Bancshares in a report on Tuesday, August 1st. TheStreet upgraded shares of Civista Bancshares from a “c+” rating to a “b-” rating in a report on Monday, July 24th. Finally, StockNews.com initiated coverage on shares of Civista Bancshares in a report on Thursday, October 5th. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Civista Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.
Civista Bancshares Stock Performance
Shares of CIVB opened at $15.58 on Tuesday. Civista Bancshares, Inc. has a 12 month low of $14.02 and a 12 month high of $23.96. The firm has a fifty day simple moving average of $15.50 and a 200 day simple moving average of $16.44. The stock has a market capitalization of $244.54 million, a price-to-earnings ratio of 5.39 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.65.
Civista Bancshares (NASDAQ:CIVB – Get Free Report) last announced its earnings results on Friday, October 27th. The bank reported $0.66 EPS for the quarter, topping the consensus estimate of $0.60 by $0.06. Civista Bancshares had a net margin of 21.95% and a return on equity of 13.32%. The business had revenue of $39.63 million during the quarter, compared to analysts’ expectations of $39.90 million. Research analysts forecast that Civista Bancshares, Inc. will post 2.64 EPS for the current fiscal year.
Civista Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Monday, November 6th. Civista Bancshares’s payout ratio is 22.15%.
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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