1 day Ago By Defense World Staff
Bank of New York Mellon Corp boosted its position in shares of Civista Bancshares, Inc. ( NASDAQ:CIVB – Free Report ) by 3.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 118,232 shares of the bank’s stock after buying an additional 4,284 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.75% of Civista Bancshares worth $1,831,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in shares of Civista Bancshares by 11.
3% during the first quarter. Russell Investments Group Ltd. now owns 24,080 shares of the bank’s stock valued at $370,000 after acquiring an additional 2,453 shares in the last quarter.
Empowered Funds LLC raised its holdings in Civista Bancshares by 8.1% in the first quarter. Empowered Funds LLC now owns 44,169 shares of the bank’s stock worth $679,000 after purchasing an additional 3,325 shares in the last quarter.
Quadrature Capital Ltd lifted its position in Civista Bancshares by 24.7% during the first quarter. Quadrature Capital Ltd now owns 18,535 shares of the bank’s stock valued at $283,000 after buying an additional 3,672 shares during the period.
EntryPoint Capital LLC bought a new stake in shares of Civista Bancshares during the 1st quarter valued at $63,000. Finally, Victory Capital Management Inc. increased its stake in shares of Civista Bancshares by 9.
7% during the fourth quarter. Victory Capital Management Inc. now owns 47,700 shares of the bank’s stock valued at $880,000 after purchasing an additional 4,212 shares in the last quarter.
Hedge funds and other institutional investors own 52.10% of the company’s stock. Insider Activity at Civista Bancshares In other news, Director Julie A.
Mattlin bought 2,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $15.60 per share, for a total transaction of $31,200.
00. Following the completion of the purchase, the director now directly owns 12,442 shares in the company, valued at $194,095.20.
The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . 3.01% of the stock is currently owned by corporate insiders.
Civista Bancshares Stock Performance Civista Bancshares ( NASDAQ:CIVB – Get Free Report ) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
40 by $0.05. The company had revenue of $61.
14 million during the quarter, compared to analysts’ expectations of $36.57 million. Civista Bancshares had a return on equity of 9.
24% and a net margin of 14.48%. During the same quarter in the previous year, the business earned $0.
64 EPS. Equities research analysts forecast that Civista Bancshares, Inc. will post 1.
76 EPS for the current fiscal year. Civista Bancshares Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.
16 per share. This represents a $0.64 annualized dividend and a yield of 3.
64%. The ex-dividend date of this dividend was Tuesday, August 6th. Civista Bancshares’s payout ratio is 27.
47%. Wall Street Analysts Forecast Growth A number of research firms have recently commented on CIVB. Piper Sandler increased their target price on Civista Bancshares from $16.
00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $19.
00 price target (up previously from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.25.
Read Our Latest Stock Report on CIVB Civista Bancshares Company Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Civista Bancshares 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? 3 Warren Buffett Stocks to Buy Now Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge How Investors Can Find the Best Cheap Dividend Stocks Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.
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