Park National Corp OH Acquires 2,000 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Park National Corp OH boosted its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,275 shares of the bank’s stock after acquiring an additional 2,000 shares during the quarter. Park National Corp OH owned 0.16% of Civista Bancshares worth $532,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CIVB. JPMorgan Chase & Co. raised its stake in shares of Civista Bancshares by 90.1% in the third quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank’s stock worth $453,000 after purchasing an additional 12,059 shares during the last quarter. Barclays PLC grew its holdings in Civista Bancshares by 40.7% during the third quarter. Barclays PLC now owns 51,521 shares of the bank’s stock worth $917,000 after buying an additional 14,909 shares in the last quarter. Geode Capital Management LLC raised its position in Civista Bancshares by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 348,352 shares of the bank’s stock valued at $6,208,000 after buying an additional 9,501 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Civista Bancshares during the 3rd quarter valued at $45,000. Finally, Jane Street Group LLC boosted its holdings in Civista Bancshares by 24.2% during the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock worth $360,000 after acquiring an additional 3,934 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stephens increased their target price on shares of Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Hovde Group upgraded shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their target price on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Civista Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $21.75.

Civista Bancshares Price Performance

Shares of NASDAQ:CIVB opened at $19.43 on Thursday. The company has a market capitalization of $305.77 million, a P/E ratio of 9.67 and a beta of 0.82. The company’s 50-day moving average is $21.92 and its 200 day moving average is $18.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. The firm had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $37.60 million. During the same period in the previous year, the company earned $0.66 earnings per share. On average, equities research analysts forecast that Civista Bancshares, Inc. will post 1.91 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, November 5th. Civista Bancshares’s dividend payout ratio (DPR) is 31.84%.

Civista Bancshares Profile

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.