Civista Bancshares, Inc. (NASDAQ:CIVB) Stock Holdings Lessened by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lessened its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 3.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 353,641 shares of the bank’s stock after selling 12,860 shares during the quarter. Civista Bancshares makes up 1.3% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 24th largest holding. Pacific Ridge Capital Partners LLC’s holdings in Civista Bancshares were worth $5,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of Civista Bancshares by 41.1% during the fourth quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after purchasing an additional 5,440 shares during the last quarter. Empowered Funds LLC grew its stake in Civista Bancshares by 8.1% during the 1st quarter. Empowered Funds LLC now owns 44,169 shares of the bank’s stock worth $679,000 after buying an additional 3,325 shares during the last quarter. Vanguard Group Inc. increased its position in Civista Bancshares by 1.1% in the first quarter. Vanguard Group Inc. now owns 812,806 shares of the bank’s stock worth $12,501,000 after buying an additional 8,797 shares during the period. Wellington Management Group LLP lifted its stake in Civista Bancshares by 0.9% in the fourth quarter. Wellington Management Group LLP now owns 605,421 shares of the bank’s stock valued at $11,164,000 after buying an additional 5,400 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Civista Bancshares during the fourth quarter valued at $274,000. Institutional investors and hedge funds own 52.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Julie A. Mattlin purchased 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $15.60 per share, for a total transaction of $31,200.00. Following the transaction, the director now owns 12,442 shares in the company, valued at $194,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.01% of the stock is currently owned by insiders.

Civista Bancshares Trading Up 0.4 %

NASDAQ:CIVB opened at $17.75 on Friday. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $19.00. The business has a fifty day moving average of $16.97 and a 200-day moving average of $15.52. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $279.15 million, a price-to-earnings ratio of 7.62 and a beta of 0.80.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Monday, July 29th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. The firm had revenue of $61.14 million during the quarter, compared to analyst estimates of $36.57 million. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities analysts predict that Civista Bancshares, Inc. will post 1.76 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.64 annualized dividend and a yield of 3.61%. Civista Bancshares’s payout ratio is 27.47%.

Analyst Upgrades and Downgrades

CIVB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Piper Sandler raised their price target on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.25.

About Civista Bancshares

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.