Victory Capital Management Inc. Decreases Stock Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

Victory Capital Management Inc. reduced its position in Civista Bancshares, Inc. (NASDAQ:CIVB) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,000 shares of the bank’s stock after selling 2,300 shares during the quarter. Victory Capital Management Inc.’s holdings in Civista Bancshares were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CIVB. Empowered Funds LLC increased its position in Civista Bancshares by 5.3% in the third quarter. Empowered Funds LLC now owns 50,135 shares of the bank’s stock worth $893,000 after buying an additional 2,546 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Civista Bancshares by 38.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,095 shares of the bank’s stock worth $554,000 after buying an additional 8,597 shares during the last quarter. State Street Corp increased its position in Civista Bancshares by 1.1% in the third quarter. State Street Corp now owns 298,557 shares of the bank’s stock worth $5,320,000 after buying an additional 3,112 shares during the last quarter. Jane Street Group LLC increased its position in Civista Bancshares by 24.2% in the third quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock worth $360,000 after buying an additional 3,934 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Civista Bancshares in the third quarter worth $45,000. 52.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. DA Davidson set a $27.00 target price on Civista Bancshares in a research report on Friday, January 31st. StockNews.com upgraded Civista Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd. Stephens reiterated an “equal weight” rating and issued a $24.00 price target on shares of Civista Bancshares in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods lifted their price target on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Civista Bancshares currently has an average rating of “Moderate Buy” and an average price target of $23.40.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB opened at $19.64 on Friday. The stock has a market cap of $304.01 million, a PE ratio of 9.72 and a beta of 0.79. Civista Bancshares, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $20.62 and a 200-day moving average of $20.18.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. Equities research analysts anticipate that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were paid a dividend of $0.17 per share. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.68 annualized dividend and a yield of 3.46%. Civista Bancshares’s dividend payout ratio (DPR) is currently 33.66%.

Civista Bancshares Company 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.