Civista Bancshares, Inc. $CIVB Holdings Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,270 shares of the bank’s stock after selling 672 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.20% of Civista Bancshares worth $591,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CIVB. Northern Trust Corp grew its holdings in Civista Bancshares by 6.4% during the fourth quarter. Northern Trust Corp now owns 138,838 shares of the bank’s stock worth $2,921,000 after acquiring an additional 8,412 shares during the period. Ameriprise Financial Inc. grew its holdings in Civista Bancshares by 23.3% during the fourth quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank’s stock worth $776,000 after acquiring an additional 6,968 shares during the period. Bank of America Corp DE grew its holdings in Civista Bancshares by 10.2% during the fourth quarter. Bank of America Corp DE now owns 34,206 shares of the bank’s stock worth $720,000 after acquiring an additional 3,173 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Civista Bancshares during the fourth quarter worth about $266,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in Civista Bancshares by 12.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 11,773 shares of the bank’s stock worth $248,000 after acquiring an additional 1,337 shares during the period. 52.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CIVB shares. Wall Street Zen lowered Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 28th. Stephens lowered their target price on Civista Bancshares from $27.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 29th. Hovde Group lowered Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a report on Monday, August 18th. Finally, DA Davidson set a $26.00 price target on Civista Bancshares and gave the stock a “buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.80.

Civista Bancshares Trading Down 1.1%

Shares of CIVB opened at $20.83 on Friday. The business’s 50-day moving average price is $20.90 and its 200 day moving average price is $21.16. The stock has a market capitalization of $402.23 million, a P/E ratio of 8.23 and a beta of 0.76. Civista Bancshares, Inc. has a 1-year low of $16.86 and a 1-year high of $25.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Thursday, July 24th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). Civista Bancshares had a net margin of 15.83% and a return on equity of 9.77%. The business had revenue of $41.40 million for the quarter, compared to analysts’ expectations of $43.07 million. Analysts expect that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, August 5th. Civista Bancshares’s payout ratio is 26.88%.

Insiders Place Their Bets

In other Civista Bancshares news, Director Clyde A. Perfect, Jr. bought 2,352 shares of the stock in a transaction on Friday, July 11th. The shares were bought at an average price of $21.25 per share, with a total value of $49,980.00. Following the purchase, the director directly owned 2,352 shares in the company, valued at $49,980. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Richard J. Dutton bought 4,000 shares of the stock in a transaction on Friday, July 11th. The shares were acquired at an average cost of $21.25 per share, for a total transaction of $85,000.00. Following the purchase, the senior vice president owned 4,000 shares in the company, valued at approximately $85,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 14,742 shares of company stock worth $307,978. Insiders own 2.60% of the company’s stock.

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.