State Street Corp Boosts Stock Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

State Street Corp lifted its stake in Civista Bancshares, Inc. (NASDAQ:CIVB) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 298,557 shares of the bank’s stock after buying an additional 3,112 shares during the period. State Street Corp owned approximately 1.90% of Civista Bancshares worth $5,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Civista Bancshares in the 3rd quarter worth $102,000. Princeton Capital Management LLC bought a new stake in shares of Civista Bancshares in the second quarter worth about $189,000. Allspring Global Investments Holdings LLC increased its holdings in Civista Bancshares by 10,347.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock valued at $197,000 after purchasing an additional 12,624 shares during the period. Los Angeles Capital Management LLC raised its position in Civista Bancshares by 4.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock valued at $248,000 after purchasing an additional 589 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Civista Bancshares by 30.9% in the 2nd quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock worth $318,000 after buying an additional 4,985 shares during the period. Institutional investors own 52.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CIVB shares. Stephens boosted their target price on Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note 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 company an “outperform” rating in a research 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 target price for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Civista Bancshares Stock Down 1.7 %

Shares of NASDAQ:CIVB opened at $21.11 on Monday. Civista Bancshares, Inc. has a 12-month low of $13.60 and a 12-month high of $23.69. The stock has a market capitalization of $332.21 million, a price-to-earnings ratio of 10.50 and a beta of 0.81. The stock has a fifty day simple moving average of $21.60 and a two-hundred day simple moving average of $18.33. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $62.43 million during the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. During the same period last year, the business earned $0.66 EPS. On average, research analysts anticipate that Civista Bancshares, Inc. will post 1.91 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, November 5th. Civista Bancshares’s dividend payout ratio is currently 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.