Strs Ohio reduced its stake in Civista Bancshares, Inc. (NASDAQ: CIVB – Get Rating) by 8.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund held 28,800 shares of the bank after selling 2,800 shares during the period. Strs Ohio owned approximately 0.19% of Civista Banc shares worth $694,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CIVB. Cassady Schiller Wealth Management LLC acquired a new stake in Cavista Bancshares during the fourth quarter valued at approximately $70,000. BNP Paribas Arbitrage SA increased its stake in Cavista Bancshares by 61.4% during the fourth quarter. BNP Paribas Arbitrage SA now owns 6,386 shares in the bank valued at $156,000 after buying an additional 2,429 shares last quarter. Hamilton Capital LLC acquired a new stake in Civista Bancshares during the fourth quarter valued at approximately $203,000. Acadian Asset Management LLC increased its stake in Civista Bancshares to 97.6% during the fourth quarter. Acadian Asset Management LLC now owns 15,030 shares of the bank valued at $365,000 after purchasing an additional 7,425 shares last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Civista Bancshares during the fourth quarter worth approximately $565,000. Hedge funds and other institutional investors own 53.04% of the company’s shares.
Civista Banc shares up 2.1%
Shares of Civista Bancshares opened at $21.39 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt ratio of 0.55. The company’s 50-day simple moving average is $21.10 and its 200-day simple moving average is $22.87. The stock has a market capitalization of $312.08 million, a price-earnings ratio of 8.45 and a beta of 0.87. Civista Bancshares, Inc. has a 12-month low of $20.10 and a 12-month high of $25.94.
Civista Bancshares (NASDAQ:CIVB – Get Rating) last announced its quarterly results on Thursday, April 28. The bank reported earnings per share of $0.57 for the quarter, missing analyst consensus estimates of $0.60 per ($0.03). The company posted revenue of $30.58 million for the quarter, versus analyst estimates of $31.10 million. Civista Bancshares had a return on equity of 10.87% and a net margin of 29.29%. In the same quarter a year earlier, the company posted earnings per share of $0.68. Equity research analysts expect Cavista Bancshares, Inc. to post earnings per share of 2.32 for the current year.
Civista Bancshares dividend announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25. Investors of record on Tuesday, May 10 received a dividend of $0.14. This represents a dividend of $0.56 on an annualized basis and a yield of 2.62%. The ex-dividend date was Monday, May 9. The dividend payout ratio (DPR) of Civista Bancshares is 22.13%.
Analysts set new price targets
Separately, StockNews.com upgraded Civista Banc’s shares from a “buy” to a “hold” rating in a Thursday, May 26 research note.
Insider buying and selling
In other Civista Bancshares news, director Harry Singer acquired 1,900 shares of the company in a deal that took place on Friday June 17th. The shares were acquired at an average cost of $20.90 per share, with a total value of $39,710.00. Following the acquisition, the director now directly owns 8,556 shares of the company, valued at approximately $178,820.40. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Company insiders own 3.05% of the company’s shares.
Profile of Civista Bancshares
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Civista Bancshares, Inc operates as a financial holding company for Civista Bank which provides community banking services. The company collects a range of customer deposits; and offers commercial and agricultural, commercial and residential loans, agricultural real estate, construction, consumer and other loans, and letters of credit.
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