Maltese Capital Management LLC decreased its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) by 47.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,315 shares of the bank’s stock after selling 134,685 shares during the period. Maltese Capital Management LLC owned about 0.77% of Civista Bancshares worth $3,318,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of CIVB. AQR Capital Management LLC increased its holdings in shares of Civista Bancshares by 28.0% in the 1st quarter. AQR Capital Management LLC now owns 35,012 shares of the bank’s stock worth $684,000 after purchasing an additional 7,652 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Civista Bancshares by 22.7% in the 1st quarter. Empowered Funds LLC now owns 64,535 shares of the bank’s stock worth $1,261,000 after purchasing an additional 11,918 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Civista Bancshares in the 1st quarter worth $453,000. Acadian Asset Management LLC increased its holdings in shares of Civista Bancshares by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 33,814 shares of the bank’s stock worth $659,000 after purchasing an additional 4,426 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Civista Bancshares in the 2nd quarter worth $221,000. Institutional investors own 52.10% of the company’s stock.
Civista Bancshares Stock Performance
CIVB stock opened at $26.49 on Tuesday. The company has a market cap of $550.46 million, a P/E ratio of 9.74 and a beta of 0.67. Civista Bancshares, Inc. has a 1 year low of $18.94 and a 1 year high of $28.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average price is $25.00 and its 200-day moving average price is $23.83.
Civista Bancshares Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, May 5th. Civista Bancshares’s dividend payout ratio (DPR) is 26.47%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Wall Street Zen lowered Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Zacks Research raised Civista Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Finally, Piper Sandler lifted their target price on Civista Bancshares from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.60.
Check Out Our Latest Report on CIVB
Civista Bancshares Profile
Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.
Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.
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