Private Advisor Group LLC Decreases Stock Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Private Advisor Group LLC cut its stake in Civista Bancshares, Inc. (NASDAQ:CIVB) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,849 shares of the bank’s stock after selling 915 shares during the period. Private Advisor Group LLC owned about 0.09% of Civista Bancshares worth $312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC raised its stake in Civista Bancshares by 1.1% in the fourth quarter. Inspire Investing LLC now owns 52,528 shares of the bank’s stock valued at $1,105,000 after buying an additional 554 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in 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. SG Americas Securities LLC raised its stake in Civista Bancshares by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock valued at $139,000 after buying an additional 892 shares in the last quarter. Park National Corp OH raised its stake in Civista Bancshares by 8.6% in the fourth quarter. Park National Corp OH now owns 25,275 shares of the bank’s stock valued at $532,000 after buying an additional 2,000 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of Civista Bancshares by 5.0% during the fourth quarter. Empowered Funds LLC now owns 52,617 shares of the bank’s stock worth $1,107,000 after purchasing an additional 2,482 shares in the last quarter. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CIVB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. DA Davidson set a $27.00 price target on Civista Bancshares in a report on Friday, January 31st. StockNews.com raised Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Finally, Stephens reissued an “equal weight” rating and set a $24.00 price target on shares of Civista Bancshares in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

Civista Bancshares Stock Performance

NASDAQ CIVB opened at $19.77 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01. Civista Bancshares, Inc. has a 52-week low of $13.60 and a 52-week high of $23.69. The business’s 50-day moving average price is $20.86 and its 200 day moving average price is $19.99. The firm has a market cap of $311.12 million, a P/E ratio of 9.79 and a beta of 0.81.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. On average, equities research analysts expect that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, February 4th. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s payout ratio is currently 33.66%.

Civista Bancshares Company 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.