Barclays PLC Raises Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Barclays PLC grew its position in Civista Bancshares, Inc. (NASDAQ:CIVB) by 40.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,521 shares of the bank’s stock after acquiring an additional 14,909 shares during the period. Barclays PLC owned about 0.33% of Civista Bancshares worth $917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CIVB. Inspire Investing LLC purchased a new stake in shares of Civista Bancshares in the third quarter valued at about $926,000. Assenagon Asset Management S.A. boosted its holdings in shares of Civista Bancshares by 130.8% in the third quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank’s stock valued at $1,131,000 after acquiring an additional 35,968 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Civista Bancshares in the second quarter valued at about $323,000. 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 valued at $197,000 after acquiring an additional 12,624 shares in the last quarter. Finally, Princeton Capital Management LLC purchased a new stake in shares of Civista Bancshares in the second quarter valued at about $189,000. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CIVB. Stephens boosted their price objective on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price objective on shares of Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Hovde Group raised shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.75.

Civista Bancshares Stock Down 0.1 %

Shares of NASDAQ CIVB opened at $21.08 on Tuesday. Civista Bancshares, Inc. has a 12-month low of $13.60 and a 12-month high of $23.69. The company has a market capitalization of $331.74 million, a PE ratio of 10.49 and a beta of 0.81. 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 firm’s 50-day moving average is $21.66 and its two-hundred day moving average is $18.38.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. The company had revenue of $62.43 million for the quarter, compared to the consensus estimate of $37.60 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Equities analysts anticipate that Civista Bancshares, Inc. will post 1.91 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Tuesday, November 5th. Civista Bancshares’s dividend payout ratio (DPR) is presently 31.84%.

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.