Monarch Partners Asset Management LLC Has $828,000 Position in Civista Bancshares Inc (CIVB)

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Monarch Partners Asset Management LLC boosted its position in Civista Bancshares Inc (NASDAQ:CIVB) by 21.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,547 shares of the bank’s stock after acquiring an additional 8,447 shares during the quarter. Monarch Partners Asset Management LLC owned 0.31% of Civista Bancshares worth $828,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CIVB. BlackRock Inc. raised its holdings in Civista Bancshares by 32.0% during the third quarter. BlackRock Inc. now owns 713,090 shares of the bank’s stock worth $17,179,000 after purchasing an additional 172,691 shares in the last quarter. Vanguard Group Inc. raised its holdings in Civista Bancshares by 21.5% during the third quarter. Vanguard Group Inc. now owns 576,071 shares of the bank’s stock worth $13,877,000 after purchasing an additional 101,796 shares in the last quarter. Vanguard Group Inc raised its holdings in Civista Bancshares by 21.5% during the third quarter. Vanguard Group Inc now owns 576,071 shares of the bank’s stock worth $13,877,000 after purchasing an additional 101,796 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Civista Bancshares by 32.5% during the third quarter. Dimensional Fund Advisors LP now owns 218,503 shares of the bank’s stock worth $5,264,000 after purchasing an additional 53,649 shares in the last quarter. Finally, Seidman Lawrence B acquired a new stake in Civista Bancshares during the third quarter worth approximately $4,577,000. 49.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CIVB opened at $21.13 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $316.49 million, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.32 and a beta of 0.89. Civista Bancshares Inc has a 12-month low of $15.55 and a 12-month high of $25.88.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, February 15th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The business had revenue of $25.58 million for the quarter, compared to analyst estimates of $23.96 million. Civista Bancshares had a net margin of 15.40% and a return on equity of 12.14%. Analysts anticipate that Civista Bancshares Inc will post 1.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Tuesday, January 22nd were given a dividend of $0.09 per share. The ex-dividend date was Friday, January 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.70%. Civista Bancshares’s dividend payout ratio (DPR) is presently 19.46%.

A number of analysts have weighed in on CIVB shares. TheStreet raised shares of Civista Bancshares from a “c+” rating to a “b” rating in a report on Friday, February 15th. Zacks Investment Research raised shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, January 3rd. Boenning Scattergood cut shares of Civista Bancshares from an “outperform” rating to a “neutral” rating in a report on Monday, November 5th. BidaskClub raised shares of Civista Bancshares from a “strong sell” rating to a “sell” rating in a report on Thursday, November 22nd. Finally, ValuEngine cut shares of Civista Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.17.

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Civista Bancshares Profile

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.

Further Reading: Municipal Bonds

Want to see what other hedge funds are holding CIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Civista Bancshares Inc (NASDAQ:CIVB).

Institutional Ownership by Quarter for Civista Bancshares (NASDAQ:CIVB)

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