Victory Capital Management Inc. Sells 3,350 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Victory Capital Management Inc. reduced its stake in Civista Bancshares, Inc. (NASDAQ:CIVBFree Report) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,300 shares of the bank’s stock after selling 3,350 shares during the period. Victory Capital Management Inc. owned approximately 0.31% of Civista Bancshares worth $861,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CIVB. SG Americas Securities LLC bought a new position in shares of Civista Bancshares in the third quarter worth $102,000. Princeton Capital Management LLC bought a new position in shares of Civista Bancshares in the second quarter worth $189,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Civista Bancshares by 10,347.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock worth $197,000 after acquiring an additional 12,624 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Civista Bancshares by 4.4% in the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock worth $248,000 after buying an additional 589 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of Civista Bancshares by 24.7% in the first quarter. Quadrature Capital Ltd now owns 18,535 shares of the bank’s stock worth $283,000 after buying an additional 3,672 shares in the last quarter. 52.10% of the stock is owned by institutional investors.

Civista Bancshares Stock Up 0.0 %

NASDAQ CIVB opened at $22.81 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $359.03 million, a PE ratio of 11.35 and a beta of 0.78. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $23.69. The business’s 50-day moving average is $19.67 and its 200 day moving average is $17.11.

Civista Bancshares (NASDAQ:CIVBGet Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $37.60 million. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. During the same period last year, the firm earned $0.66 earnings per share. Sell-side analysts forecast that Civista Bancshares, Inc. will post 1.91 earnings per share for the current year.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.64 annualized dividend and a yield of 2.81%. Civista Bancshares’s payout ratio is 31.84%.

Analyst Ratings Changes

CIVB has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Hovde Group upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, October 30th. Finally, Stephens raised their price target on Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Civista Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Read Our Latest Analysis on CIVB

About Civista Bancshares

(Free Report)

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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Institutional Ownership by Quarter for Civista Bancshares (NASDAQ:CIVB)

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