JPMorgan Chase & Co. Has $453,000 Stock Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

JPMorgan Chase & Co. boosted its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 90.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,438 shares of the bank’s stock after purchasing an additional 12,059 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Civista Bancshares worth $453,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Civista Bancshares during the 3rd quarter worth about $45,000. SG Americas Securities LLC bought a new position in Civista Bancshares during the third quarter valued at about $102,000. Los Angeles Capital Management LLC raised its holdings in Civista Bancshares by 4.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock valued at $248,000 after acquiring an additional 589 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Civista Bancshares by 24.2% in the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock worth $360,000 after acquiring an additional 3,934 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Civista Bancshares during the 2nd quarter worth approximately $323,000. 52.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Civista Bancshares Stock Performance

Shares of NASDAQ:CIVB opened at $21.46 on Wednesday. The stock has a market capitalization of $337.78 million, a price-to-earnings ratio of 10.68 and a beta of 0.82. The business’s fifty day moving average price is $21.55 and its two-hundred day moving average price is $19.22. Civista Bancshares, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.69. 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 (NASDAQ:CIVB) last announced its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. During the same quarter last year, the company posted $0.66 EPS. As a group, analysts predict that Civista Bancshares, Inc. will post 1.92 EPS for the current fiscal year.

Civista Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be issued a dividend of $0.17 per share. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, February 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.17%. 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.