Quadrature Capital Ltd Makes New Investment in Civista Bancshares, Inc. (NASDAQ:CIVB)

Quadrature Capital Ltd bought a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,863 shares of the bank’s stock, valued at approximately $274,000. Quadrature Capital Ltd owned about 0.09% of Civista Bancshares at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new stake in Civista Bancshares in the 4th quarter worth about $109,000. SG Americas Securities LLC grew its holdings in shares of Civista Bancshares by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock valued at $156,000 after acquiring an additional 1,736 shares in the last quarter. Gendell Jeffrey L purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at approximately $184,000. BNP Paribas Financial Markets lifted its holdings in Civista Bancshares by 41.1% during the fourth quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock worth $344,000 after acquiring an additional 5,440 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Civista Bancshares by 60.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,890 shares of the bank’s stock worth $643,000 after purchasing an additional 13,115 shares during the last quarter. 52.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

CIVB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 target price (down from $21.00) on shares of Civista Bancshares in a research note on Wednesday, May 1st. Hovde Group initiated coverage on shares of Civista Bancshares in a research note on Monday, April 1st. They issued a “market perform” rating and a $16.00 target price on the stock. Finally, TheStreet lowered shares of Civista Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Civista Bancshares presently has an average rating of “Hold” and a consensus target price of $17.75.

Civista Bancshares Price Performance

CIVB opened at $14.46 on Thursday. The firm has a 50-day moving average price of $14.43 and a 200-day moving average price of $15.61. Civista Bancshares, Inc. has a twelve month low of $13.60 and a twelve month high of $19.80. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $227.46 million, a price-to-earnings ratio of 6.21 and a beta of 0.81.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The business had revenue of $58.63 million during the quarter, compared to analysts’ expectations of $38.01 million. Civista Bancshares had a net margin of 16.38% and a return on equity of 10.23%. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Equities analysts expect that Civista Bancshares, Inc. will post 1.78 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Tuesday, May 7th were paid a $0.16 dividend. The ex-dividend date was Monday, May 6th. This represents a $0.64 annualized dividend and a yield of 4.43%. Civista Bancshares’s dividend payout ratio is currently 27.47%.

Civista Bancshares Company 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.