Civista Bancshares, Inc. $CIVB Shares Acquired by Bailard Inc.

Bailard Inc. lifted its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 19.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,526 shares of the bank’s stock after purchasing an additional 3,500 shares during the period. Bailard Inc. owned about 0.14% of Civista Bancshares worth $499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC increased its position in Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank’s stock worth $60,000 after buying an additional 938 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Civista Bancshares by 443.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,979 shares of the bank’s stock valued at $234,000 after acquiring an additional 9,775 shares during the last quarter. Penn Capital Management Company LLC purchased a new stake in Civista Bancshares during the 1st quarter worth about $255,000. Los Angeles Capital Management LLC acquired a new position in Civista Bancshares in the 2nd quarter valued at about $385,000. Finally, Janney Montgomery Scott LLC acquired a new position in Civista Bancshares in the 2nd quarter valued at about $415,000. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Wall Street Analyst Weigh In

CIVB has been the topic of several analyst reports. DA Davidson started coverage on shares of Civista Bancshares in a research note on Monday, October 27th. They set a “buy” rating and a $26.00 price target on the stock. Stephens decreased their target price on shares of Civista Bancshares from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Civista Bancshares in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Civista Bancshares from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Hovde Group cut Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a report on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.60.

Civista Bancshares Stock Performance

NASDAQ:CIVB opened at $21.92 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $423.34 million, a price-to-earnings ratio of 8.18 and a beta of 0.78. The firm’s fifty day simple moving average is $21.07 and its 200 day simple moving average is $21.59. Civista Bancshares, Inc. has a twelve month low of $17.47 and a twelve month high of $25.59.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Wednesday, November 5th. The bank reported $0.71 earnings per share (EPS) for the quarter. Civista Bancshares had a return on equity of 10.86% and a net margin of 17.42%.The firm had revenue of $44.18 million during the quarter. As a group, equities research analysts expect that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Civista Bancshares’s dividend payout ratio (DPR) is 25.37%.

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.