Victory Capital Management Inc. Has $968,000 Stock Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Victory Capital Management Inc. lowered its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the bank’s stock after selling 2,300 shares during the period. Victory Capital Management Inc. owned approximately 0.29% of Civista Bancshares worth $968,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Civista Bancshares during the third quarter worth approximately $45,000. SG Americas Securities LLC boosted its holdings in Civista Bancshares by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock worth $139,000 after acquiring an additional 892 shares in the last quarter. Jane Street Group LLC boosted its holdings in Civista Bancshares by 24.2% in the third 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 in the last quarter. Park National Corp OH boosted its holdings in Civista Bancshares by 8.6% in the fourth quarter. Park National Corp OH now owns 25,275 shares of the bank’s stock worth $532,000 after acquiring an additional 2,000 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Civista Bancshares by 90.1% in the third quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank’s stock worth $453,000 after acquiring an additional 12,059 shares in the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Civista Bancshares Stock Down 1.4 %

CIVB stock opened at $19.64 on Friday. Civista Bancshares, Inc. has a twelve month low of $13.60 and a twelve month high of $23.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock’s 50 day moving average is $20.62 and its 200-day moving average is $20.18. The firm has a market capitalization of $304.01 million, a PE ratio of 9.72 and a beta of 0.79.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results 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%. Sell-side analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Civista Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, February 4th. Civista Bancshares’s dividend payout ratio (DPR) is presently 33.66%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CIVB. Stephens reiterated an “equal weight” rating and issued a $24.00 price target on shares of Civista Bancshares in a report on Friday, January 31st. StockNews.com upgraded Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. DA Davidson set a $27.00 price target on Civista Bancshares in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods increased their price target on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

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.