1 day Ago By ABMN Staff
Bank of New York Mellon Corp grew its position in Civista Bancshares, Inc. ( NASDAQ:CIVB – Free Report ) by 3.8% in the second quarter, HoldingsChannel reports.
The institutional investor owned 118,232 shares of the bank’s stock after acquiring an additional 4,284 shares during the period. Bank of New York Mellon Corp’s holdings in Civista Bancshares were worth $1,831,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently modified their holdings of the company.
Victory Capital Management Inc. grew its position 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 worth $880,000 after buying an additional 4,212 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Civista Bancshares by 41.
1% in the 4th quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after purchasing an additional 5,440 shares during the last quarter. Hillsdale Investment Management Inc.
acquired a new position in Civista Bancshares during the fourth quarter worth approximately $109,000. Gendell Jeffrey L purchased a new stake in Civista Bancshares in the fourth quarter valued at approximately $184,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Civista Bancshares by 0.
9% in the fourth quarter. Wellington Management Group LLP now owns 605,421 shares of the bank’s stock valued at $11,164,000 after acquiring an additional 5,400 shares during the period. Hedge funds and other institutional investors own 52.
10% of the company’s stock. Analysts Set New Price Targets A number of analysts have weighed in on CIVB shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $19.
00 price objective (up from $18.00) on shares of Civista Bancshares in a research report on Tuesday, July 30th. Piper Sandler lifted their price target on Civista Bancshares from $16.
00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock.
According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.25. Insider Buying and Selling In other news, Director Julie A.
Mattlin purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $15.60 per share, with a total value of $31,200.
00. Following the transaction, the director now owns 12,442 shares in the company, valued at approximately $194,095.20.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Insiders own 3.01% of the company’s stock.
Civista Bancshares Price Performance Shares of NASDAQ:CIVB opened at $17.56 on Wednesday. The company has a market cap of $276.
17 million, a P/E ratio of 7.54 and a beta of 0.80.
The business has a fifty day simple moving average of $16.81 and a 200-day simple moving average of $15.38.
Civista Bancshares, Inc. has a 52 week low of $13.60 and a 52 week high of $19.
00. The company has a quick ratio of 1.01, a current ratio of 1.
01 and a debt-to-equity ratio of 1.64. Civista Bancshares ( NASDAQ:CIVB – Get Free Report ) last announced its quarterly earnings results on Monday, July 29th.
The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.
05. The firm had revenue of $61.14 million during the quarter, compared to the consensus estimate of $36.
57 million. Civista Bancshares had a return on equity of 9.24% and a net margin of 14.
48%. During the same period in the prior year, the firm earned $0.64 EPS.
Equities research analysts forecast that Civista Bancshares, Inc. will post 1.76 EPS for the current year.
Civista Bancshares Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.16 per share.
The ex-dividend date was Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a yield of 3.
64%. Civista Bancshares’s dividend payout ratio (DPR) is 27.47%.
About Civista Bancshares ( 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 Want to see what other hedge funds are holding CIVB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Civista Bancshares, Inc. ( NASDAQ:CIVB – Free Report ). 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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