A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Civista Bancshares from a hold rating to a buy rating and set a $27.00 price objective for the company in a research report on Tuesday, March 15th. DA Davidson reiterated a buy rating on shares of Civista Bancshares in a report on Wednesday, January 12th.
Shares of CIVB stock opened at $20.85 on Tuesday. The stock has a fifty day moving average price of $23.03 and a 200 day moving average price of $23.94. The stock has a market cap of $311.06 million, a PE ratio of 8.24 and a beta of 0.92. Civista Bancshares has a 1 year low of $20.10 and a 1 year high of $25.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.91 and a current ratio of 0.91.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Monday, May 9th. Civista Bancshares’s dividend payout ratio is presently 22.13%.
In other Civista Bancshares news, Director Allen R. Nickles sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $24.09, for a total transaction of $120,450.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have acquired 2,416 shares of company stock worth $55,314. 3.05% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in CIVB. Citigroup Inc. increased its holdings in Civista Bancshares by 144.9% in the third quarter. Citigroup Inc. now owns 1,812 shares of the bank’s stock valued at $42,000 after buying an additional 1,072 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Civista Bancshares by 73.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank’s stock valued at $43,000 after acquiring an additional 783 shares during the last quarter. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Civista Bancshares during the 4th quarter valued at $70,000. BNP Paribas Arbitrage SA lifted its position in shares of Civista Bancshares by 102.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,957 shares of the bank’s stock valued at $92,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Civista Bancshares by 71.0% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,004 shares of the bank’s stock valued at $93,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 53.04% of the company’s stock.
About Civista Bancshares (Get Rating)
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. The company 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.
- Get a free copy of the StockNews.com research report on Civista Bancshares (CIVB)
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