Blair William & Co. IL Reduces Stake in Civista Bancshares, Inc. $CIVB

Blair William & Co. IL lowered its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 47,000 shares of the bank’s stock after selling 1,200 shares during the quarter. Blair William & Co. IL owned approximately 0.30% of Civista Bancshares worth $1,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in Civista Bancshares in the 2nd quarter worth approximately $415,000. Park National Corp OH lifted its holdings in Civista Bancshares by 3.5% in the 2nd quarter. Park National Corp OH now owns 24,091 shares of the bank’s stock worth $559,000 after buying an additional 816 shares during the period. Strs Ohio purchased a new stake in Civista Bancshares in the 1st quarter worth approximately $508,000. Acadian Asset Management LLC lifted its holdings in 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 buying an additional 4,426 shares during the period. Finally, Mendon Capital Advisors Corp lifted its holdings in Civista Bancshares by 3.8% in the 1st quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank’s stock worth $4,916,000 after buying an additional 9,153 shares during the period. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Stock Down 1.7%

Civista Bancshares stock opened at $20.97 on Thursday. The firm has a market cap of $404.93 million, a price-to-earnings ratio of 8.29 and a beta of 0.73. The stock has a fifty day simple moving average of $20.61 and a two-hundred day simple moving average of $21.30. Civista Bancshares, Inc. has a 12 month low of $17.47 and a 12 month high of $25.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Thursday, July 24th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The business had revenue of $41.40 million during the quarter, compared to the consensus estimate of $43.07 million. Civista Bancshares had a return on equity of 9.77% and a net margin of 15.83%. Equities analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.2%. Civista Bancshares’s dividend payout ratio (DPR) is presently 26.88%.

Insider Activity at Civista Bancshares

In other Civista Bancshares news, Director Nathan E. Weaks bought 2,000 shares of Civista Bancshares stock in a transaction on Wednesday, July 30th. The stock was acquired at an average price of $19.88 per share, with a total value of $39,760.00. Following the acquisition, the director owned 8,283 shares in the company, valued at approximately $164,666.04. This trade represents a 31.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders acquired 3,500 shares of company stock valued at $69,085. 2.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CIVB shares. Wall Street Zen cut Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Hovde Group cut Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research note on Monday, August 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Civista Bancshares in a research note on Wednesday, October 8th. Zacks Research upgraded Civista Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, DA Davidson set a $26.00 target price on Civista Bancshares and gave the company a “buy” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Civista Bancshares has an average rating of “Hold” and a consensus target price of $24.80.

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.