Barclays PLC Grows Stake in Civista Bancshares, Inc. (NASDAQ:CIVB)

Barclays PLC increased its position in Civista Bancshares, Inc. (NASDAQ:CIVB) by 40.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

A number of other hedge funds also recently bought and sold shares of CIVB. Bank of New York Mellon Corp grew its stake in shares of Civista Bancshares by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 118,232 shares of the bank’s stock valued at $1,831,000 after purchasing an additional 4,284 shares during the period. Rhumbline Advisers grew its position in Civista Bancshares by 2.6% during the second quarter. Rhumbline Advisers now owns 24,199 shares of the bank’s stock valued at $375,000 after buying an additional 619 shares during the period. Victory Capital Management Inc. increased its holdings in Civista Bancshares by 5.4% during the second quarter. Victory Capital Management Inc. now owns 51,650 shares of the bank’s stock valued at $800,000 after buying an additional 2,650 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Civista Bancshares by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank’s stock worth $12,316,000 after acquiring an additional 6,234 shares during the period. Finally, Hsbc Holdings PLC raised its position in Civista Bancshares by 30.9% in the second quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock worth $318,000 after acquiring an additional 4,985 shares during the period. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Stock Up 2.6 %

Shares of CIVB stock opened at $20.06 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $23.69. The company’s fifty day moving average price is $21.84 and its 200-day moving average price is $18.83. The company has a market capitalization of $315.68 million, a price-to-earnings ratio of 9.98 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. The business had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $37.60 million. During the same period last year, the firm earned $0.66 earnings per share. Sell-side analysts expect 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 paid a $0.16 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.64 annualized dividend and a yield of 3.19%. Civista Bancshares’s payout ratio is 31.84%.

Analyst Ratings Changes

Several research firms have recently commented on CIVB. Stephens upped their price objective on Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. 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. Finally, Keefe, Bruyette & Woods raised their price objective on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

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.