99,979 Shares in Civista Bancshares, Inc. $CIVB Acquired by Strategic Value Bank Partners LLC

Strategic Value Bank Partners LLC bought a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 99,979 shares of the bank’s stock, valued at approximately $2,031,000. Civista Bancshares accounts for about 1.4% of Strategic Value Bank Partners LLC’s portfolio, making the stock its 14th biggest holding. Strategic Value Bank Partners LLC owned 0.52% of Civista Bancshares at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in shares of Civista Bancshares by 1.9% in the first quarter. Russell Investments Group Ltd. now owns 27,208 shares of the bank’s stock worth $532,000 after purchasing an additional 497 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Civista Bancshares by 9.5% in the first quarter. Hsbc Holdings PLC now owns 21,181 shares of the bank’s stock worth $413,000 after purchasing an additional 1,831 shares during the period. Trexquant Investment LP lifted its holdings in Civista Bancshares by 7.4% in the first quarter. Trexquant Investment LP now owns 42,823 shares of the bank’s stock worth $837,000 after purchasing an additional 2,955 shares during the period. AQR Capital Management LLC grew its position in Civista Bancshares by 28.0% in the 1st quarter. AQR Capital Management LLC now owns 35,012 shares of the bank’s stock valued at $684,000 after buying an additional 7,652 shares in the last quarter. Finally, Curi RMB Capital LLC grew its position in Civista Bancshares by 5.0% in the 1st quarter. Curi RMB Capital LLC now owns 210,000 shares of the bank’s stock valued at $4,103,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 52.10% of the company’s stock.

Civista Bancshares Stock Performance

NASDAQ:CIVB opened at $22.81 on Tuesday. The company has a 50-day moving average of $22.54 and a 200-day moving average of $21.66. The firm has a market cap of $440.46 million, a price-to-earnings ratio of 8.51 and a beta of 0.70. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. Civista Bancshares, Inc. has a twelve month low of $17.47 and a twelve month high of $25.59.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Wednesday, November 5th. The bank reported $0.71 EPS for the quarter. The business had revenue of $44.18 million during the quarter. Civista Bancshares had a net margin of 17.42% and a return on equity of 10.20%. Analysts forecast that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, November 4th. Civista Bancshares’s dividend payout ratio is 25.37%.

Analyst Upgrades and Downgrades

CIVB has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Civista Bancshares in a research report on Tuesday, December 23rd. Zacks Research upgraded shares of Civista Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. DA Davidson reissued a “buy” rating and set a $26.00 target price on shares of Civista Bancshares in a report on Friday, November 21st. Finally, Keefe, Bruyette & Woods upped their target price on Civista Bancshares from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $24.60.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.