Jane Street Group LLC Increases Stock Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

Jane Street Group LLC grew its position in Civista Bancshares, Inc. (NASDAQ:CIVB) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,215 shares of the bank’s stock after buying an additional 3,934 shares during the quarter. Jane Street Group LLC owned 0.13% of Civista Bancshares worth $360,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of Civista Bancshares by 1.1% in the third quarter. State Street Corp now owns 298,557 shares of the bank’s stock valued at $5,320,000 after buying an additional 3,112 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Civista Bancshares by 38.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,095 shares of the bank’s stock valued at $554,000 after buying an additional 8,597 shares in the last quarter. Empowered Funds LLC increased its position in shares of Civista Bancshares by 5.3% in the third quarter. Empowered Funds LLC now owns 50,135 shares of the bank’s stock valued at $893,000 after buying an additional 2,546 shares in the last quarter. Los Angeles Capital Management LLC increased 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 valued at $248,000 after buying an additional 589 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position 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 buying an additional 35,968 shares in the last quarter. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Stock Down 3.1 %

CIVB opened at $19.43 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 $305.77 million, a price-to-earnings ratio of 9.67 and a beta of 0.82. The business has a 50-day moving average of $21.92 and a two-hundred day moving average of $18.66. Civista Bancshares, Inc. has a 12 month low of $13.60 and a 12 month high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $62.43 million during 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 quarter in the previous year, the business earned $0.66 EPS. On average, research analysts expect that Civista Bancshares, Inc. will post 1.91 earnings per share for the current 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 yield of 3.29%. The ex-dividend date was Tuesday, November 5th. Civista Bancshares’s dividend payout ratio (DPR) is 31.84%.

Analyst Ratings Changes

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

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.