Monarch Partners Asset Management LLC lessened its stake in shares of Civista Bancshares Inc (NASDAQ:CIVB) by 9.1% in the first quarter, Holdings Channel reports. The institutional investor owned 43,207 shares of the bank’s stock after selling 4,340 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Civista Bancshares were worth $943,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CIVB. BlackRock Inc. increased its holdings in Civista Bancshares by 32.0% during the third quarter. BlackRock Inc. now owns 713,090 shares of the bank’s stock worth $17,179,000 after buying an additional 172,691 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Civista Bancshares by 21.5% in the third quarter. Vanguard Group Inc now owns 576,071 shares of the bank’s stock worth $13,877,000 after purchasing an additional 101,796 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Civista Bancshares by 21.5% in the third quarter. Vanguard Group Inc. now owns 576,071 shares of the bank’s stock worth $13,877,000 after purchasing an additional 101,796 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Civista Bancshares by 32.5% in the third quarter. Dimensional Fund Advisors LP now owns 218,503 shares of the bank’s stock worth $5,264,000 after purchasing an additional 53,649 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Civista Bancshares by 62.7% in the first quarter. Victory Capital Management Inc. now owns 56,950 shares of the bank’s stock worth $1,243,000 after purchasing an additional 21,950 shares in the last quarter. Institutional investors and hedge funds own 53.31% of the company’s stock.
Several research firms have recently weighed in on CIVB. ValuEngine upgraded shares of Civista Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. BidaskClub upgraded shares of Civista Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, TheStreet upgraded shares of Civista Bancshares from a “c+” rating to a “b” rating in a research note on Friday, February 15th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.00.
NASDAQ:CIVB traded up $0.31 during mid-day trading on Friday, hitting $22.48. 13,811 shares of the stock traded hands, compared to its average volume of 34,519. The stock has a market cap of $351.23 million, a P/E ratio of 12.15, a P/E/G ratio of 1.42 and a beta of 0.81. Civista Bancshares Inc has a 12-month low of $15.55 and a 12-month high of $25.88. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Friday, May 3rd. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $28.00 million during the quarter, compared to analysts’ expectations of $27.22 million. Civista Bancshares had a net margin of 16.63% and a return on equity of 10.70%. On average, equities analysts forecast that Civista Bancshares Inc will post 2.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Tuesday, April 23rd were paid a dividend of $0.11 per share. The ex-dividend date was Monday, April 22nd. This represents a $0.44 annualized dividend and a yield of 1.96%. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.09. Civista Bancshares’s payout ratio is currently 23.78%.
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Civista Bancshares Profile
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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