Wellington Management Group LLP Purchases 5,400 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Wellington Management Group LLP raised its stake in Civista Bancshares, Inc. (NASDAQ:CIVB) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 605,421 shares of the bank’s stock after acquiring an additional 5,400 shares during the quarter. Wellington Management Group LLP owned about 3.86% of Civista Bancshares worth $11,164,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in shares of Civista Bancshares by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock worth $156,000 after purchasing an additional 1,736 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Civista Bancshares by 60.2% during 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 period. Victory Capital Management Inc. increased its holdings in shares of Civista Bancshares by 9.7% during the fourth quarter. Victory Capital Management Inc. now owns 47,700 shares of the bank’s stock worth $880,000 after purchasing an additional 4,212 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 5,440 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Civista Bancshares during the fourth quarter worth approximately $109,000. 52.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TheStreet lowered shares of Civista Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th. Hovde Group assumed coverage on shares of Civista Bancshares in a research report on Monday, April 1st. They set a “market perform” rating and a $16.00 price target on the stock. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $18.00 price target (down previously from $21.00) on shares of Civista Bancshares in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.75.

Civista Bancshares Stock Performance

Shares of Civista Bancshares stock opened at $14.46 on Thursday. Civista Bancshares, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $19.80. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $227.46 million, a P/E ratio of 6.21 and a beta of 0.81. The company’s 50 day moving average price is $14.43 and its two-hundred day moving average price is $15.61.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results 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). Civista Bancshares had a net margin of 16.38% and a return on equity of 10.23%. The company had revenue of $58.63 million during the quarter, compared to analyst estimates of $38.01 million. During the same quarter in the prior year, the business earned $0.82 EPS. On average, equities analysts forecast that Civista Bancshares, Inc. will post 1.78 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

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

About Civista Bancshares

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.