Civista Bancshares, Inc. (CIVB) Holdings Boosted by Context BH Capital Management LP
Context BH Capital Management LP raised its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,380 shares of the bank’s stock after buying an additional 5,062 shares during the quarter. Context BH Capital Management LP owned 0.56% of Civista Bancshares worth $1,282,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of CIVB. Vanguard Group Inc. lifted its stake in Civista Bancshares by 115.4% in the first quarter. Vanguard Group Inc. now owns 285,239 shares of the bank’s stock valued at $6,321,000 after buying an additional 152,800 shares during the period. State Street Corp bought a new stake in shares of Civista Bancshares during the second quarter valued at approximately $2,174,000. Northern Trust Corp increased its holdings in shares of Civista Bancshares by 523.2% during the second quarter. Northern Trust Corp now owns 101,461 shares of the bank’s stock valued at $2,118,000 after acquiring an additional 85,180 shares in the last quarter. Boston Partners bought a new stake in shares of Civista Bancshares during the third quarter valued at approximately $1,492,000. Finally, Penn Capital Management Co. Inc. increased its holdings in shares of Civista Bancshares by 126.0% during the second quarter. Penn Capital Management Co. Inc. now owns 92,335 shares of the bank’s stock valued at $1,928,000 after acquiring an additional 51,482 shares in the last quarter. 42.71% of the stock is currently owned by hedge funds and other institutional investors.
Civista Bancshares, Inc. (NASDAQ:CIVB) traded down $0.25 during midday trading on Monday, hitting $20.99. The stock had a trading volume of 4,700 shares, compared to its average volume of 43,526. The company has a market capitalization of $213.49, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.59. Civista Bancshares, Inc. has a 52-week low of $14.61 and a 52-week high of $23.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95.
Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Friday, October 27th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). Civista Bancshares had a return on equity of 10.32% and a net margin of 21.56%. The company had revenue of $17.15 million for the quarter, compared to the consensus estimate of $17.60 million. equities analysts expect that Civista Bancshares, Inc. will post 1.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 17th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $0.28 annualized dividend and a yield of 1.33%. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.06. Civista Bancshares’s dividend payout ratio is 21.37%.
Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $24.00 price objective on shares of Civista Bancshares in a report on Sunday, July 30th. Zacks Investment Research downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Boenning Scattergood set a $24.00 price objective on Civista Bancshares and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Sandler O’Neill restated a “buy” rating and set a $25.00 price objective (up previously from $23.50) on shares of Civista Bancshares in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.38.
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Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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