First Trust Advisors LP grew its holdings in shares of Civista Bancshares Inc (NASDAQ:CIVB) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,758 shares of the bank’s stock after buying an additional 5,015 shares during the quarter. First Trust Advisors LP owned approximately 0.27% of Civista Bancshares worth $727,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its position in Civista Bancshares by 32.0% during the 3rd quarter. BlackRock Inc. now owns 713,090 shares of the bank’s stock worth $17,179,000 after buying an additional 172,691 shares in the last quarter. Vanguard Group Inc. grew its stake in Civista Bancshares by 21.5% in the 3rd quarter. Vanguard Group Inc. now owns 576,071 shares of the bank’s stock valued at $13,877,000 after buying an additional 101,796 shares during the last quarter. Vanguard Group Inc grew its stake in Civista Bancshares by 21.5% in the 3rd quarter. Vanguard Group Inc now owns 576,071 shares of the bank’s stock valued at $13,877,000 after buying an additional 101,796 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Civista Bancshares by 32.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 218,503 shares of the bank’s stock valued at $5,264,000 after buying an additional 53,649 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in Civista Bancshares by 29.7% in the 3rd quarter. Blair William & Co. IL now owns 119,148 shares of the bank’s stock valued at $2,870,000 after buying an additional 27,268 shares during the last quarter. 51.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CIVB traded up $0.13 during trading hours on Friday, hitting $22.19. 22,248 shares of the stock were exchanged, compared to its average volume of 35,021. Civista Bancshares Inc has a fifty-two week low of $15.55 and a fifty-two week high of $25.88. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.77. The stock has a market cap of $346.23 million, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.37 and a beta of 0.82.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.98%. Civista Bancshares’s dividend payout ratio is 19.46%.
In other news, insider W Michael Mclaughlin sold 11,000 shares of the stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $21.11, for a total transaction of $232,210.00. Following the completion of the sale, the insider now directly owns 12,287 shares in the company, valued at $259,378.57. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.45% of the company’s stock.
A number of brokerages have issued reports on CIVB. BidaskClub lowered shares of Civista Bancshares from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 26th. Zacks Investment Research lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. ValuEngine lowered shares of Civista Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 27th. Finally, TheStreet raised shares of Civista Bancshares from a “c+” rating to a “b” rating in a report on Friday, February 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Civista Bancshares has a consensus rating of “Hold” and a consensus price target of $26.50.
About Civista Bancshares
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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