Civista Bancshares, Inc. (NASDAQ:CIVB) Short Interest Update

Civista Bancshares, Inc. (NASDAQ:CIVBGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 138,300 shares, an increase of 11.0% from the February 29th total of 124,600 shares. Based on an average daily trading volume, of 27,700 shares, the short-interest ratio is currently 5.0 days. Approximately 0.9% of the shares of the stock are short sold.

Civista Bancshares Trading Down 1.5 %

Civista Bancshares stock traded down $0.23 during trading hours on Tuesday, hitting $14.65. The company had a trading volume of 47,711 shares, compared to its average volume of 28,686. The firm has a market cap of $229.86 million, a P/E ratio of 5.35 and a beta of 0.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. Civista Bancshares has a 1 year low of $14.02 and a 1 year high of $19.80. The company has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $16.05.

Civista Bancshares (NASDAQ:CIVBGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. Civista Bancshares had a net margin of 19.85% and a return on equity of 12.26%. The business had revenue of $38.88 million during the quarter, compared to analyst estimates of $38.40 million. On average, sell-side analysts anticipate that Civista Bancshares will post 2.05 earnings per share for the current year.

Civista Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 13th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.64 annualized dividend and a dividend yield of 4.37%. Civista Bancshares’s dividend payout ratio is currently 23.36%.

Insider Transactions at Civista Bancshares

In other Civista Bancshares news, SVP Michael D. Mulford bought 2,000 shares of Civista Bancshares stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average cost of $15.82 per share, for a total transaction of $31,640.00. Following the acquisition, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $31,640. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.01% of the company’s stock.

Institutional Investors Weigh In On Civista Bancshares

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Civista Bancshares by 294.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,451 shares of the bank’s stock valued at $38,000 after purchasing an additional 1,830 shares in the last quarter. FMR LLC raised its stake in shares of Civista Bancshares by 74.1% during the 1st quarter. FMR LLC now owns 2,277 shares of the bank’s stock worth $38,000 after acquiring an additional 969 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Civista Bancshares by 244.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,565 shares of the bank’s stock worth $54,000 after acquiring an additional 1,820 shares in the last quarter. Citigroup Inc. bought a new position in shares of Civista Bancshares during the 2nd quarter worth approximately $83,000. Finally, Wells Fargo & Company MN raised its stake in shares of Civista Bancshares by 115.6% during the 2nd quarter. Wells Fargo & Company MN now owns 5,888 shares of the bank’s stock worth $102,000 after acquiring an additional 3,157 shares in the last quarter. Institutional investors own 52.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CIVB has been the subject of a number of recent analyst reports. TheStreet cut shares of Civista Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Hovde Group started coverage on shares of Civista Bancshares in a research report on Monday. They issued a “market perform” rating and a $16.00 price objective for the company. Stephens lowered their price objective on shares of Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, February 9th. Finally, Piper Sandler started coverage on shares of Civista Bancshares in a research report on Wednesday, February 21st. They issued a “neutral” rating and a $18.00 price objective for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.50.

View Our Latest Analysis on Civista Bancshares

About Civista Bancshares

(Get 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.

Further Reading

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