Civista Bancshares, Inc. $CIVB Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 42.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 392,952 shares of the bank’s stock after acquiring an additional 117,994 shares during the period. Royce & Associates LP’s holdings in Civista Bancshares were worth $8,731,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in Civista Bancshares by 1,092.1% in the third quarter. Wellington Management Group LLP now owns 1,474,065 shares of the bank’s stock worth $29,938,000 after acquiring an additional 1,350,409 shares during the period. Vanguard Group Inc. grew its holdings in shares of Civista Bancshares by 19.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,021,787 shares of the bank’s stock worth $20,752,000 after purchasing an additional 166,049 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Civista Bancshares by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 869,663 shares of the bank’s stock worth $17,663,000 after purchasing an additional 27,366 shares during the period. Endeavour Capital Advisors Inc. purchased a new position in shares of Civista Bancshares during the 3rd quarter worth $11,134,000. Finally, Alliancebernstein L.P. grew its holdings in shares of Civista Bancshares by 2,904.8% during the 3rd quarter. Alliancebernstein L.P. now owns 355,472 shares of the bank’s stock worth $7,220,000 after purchasing an additional 343,642 shares during the period. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CIVB. Hovde Group increased their price target on Civista Bancshares from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, January 30th. Piper Sandler increased their price target on Civista Bancshares from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Wall Street Zen upgraded Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Zacks Research upgraded Civista Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods increased their price target on Civista Bancshares from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.60.

Civista Bancshares Price Performance

CIVB stock opened at $25.77 on Friday. 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 firm has a market capitalization of $535.50 million, a P/E ratio of 9.47 and a beta of 0.67. The business’s 50-day moving average is $24.09 and its two-hundred day moving average is $23.46. Civista Bancshares, Inc. has a 1 year low of $18.94 and a 1 year high of $28.31.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.18. The company had revenue of $47.25 million for the quarter, compared to analyst estimates of $45.64 million. Civista Bancshares had a return on equity of 10.70% and a net margin of 19.73%. Analysts anticipate that Civista Bancshares, Inc. will post 2.84 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, May 5th. Civista Bancshares’s payout ratio is 26.47%.

Civista Bancshares Company 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.