Civista Bancshares, Inc. (NASDAQ:CIVB) Short Interest Update

Civista Bancshares, Inc. (NASDAQ:CIVB) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 117,300 shares, a growth of 5.7% from the May 31st total of 111,000 shares. Based on an average daily volume of 33,300 shares, the short-interest ratio is currently 3.5 days. Currently, 0.8% of the shares of the company are sold short.

Analysts Set New Price Targets

CIVB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $18.00 price target (down from $21.00) on shares of Civista Bancshares in a research note on Wednesday, May 1st. Hovde Group assumed coverage on shares of Civista Bancshares in a research note on Monday, April 1st. They set a “market perform” rating and a $16.00 target price for the company. Finally, TheStreet lowered shares of Civista Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.75.

Civista Bancshares Stock Down 2.0 %

CIVB stock traded down $0.30 during midday trading on Wednesday, reaching $14.80. The company had a trading volume of 17,118 shares, compared to its average volume of 32,121. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $19.80. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $232.80 million, a P/E ratio of 6.48 and a beta of 0.82. The company has a 50 day moving average of $14.44 and a two-hundred day moving average of $15.51.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Tuesday, April 30th. The bank reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). Civista Bancshares had a return on equity of 10.23% and a net margin of 16.38%. The company had revenue of $58.63 million during the quarter, compared to analysts’ expectations of $38.01 million. During the same quarter in the previous year, the company earned $0.82 EPS. On average, equities research analysts expect that Civista Bancshares will post 1.78 earnings per share for the current fiscal year.

Civista Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, May 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.32%. Civista Bancshares’s dividend payout ratio (DPR) is 27.47%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CIVB. EntryPoint Capital LLC acquired a new position in shares of Civista Bancshares during the 1st quarter worth $63,000. Hillsdale Investment Management Inc. acquired a new position in Civista Bancshares in the 4th quarter valued at $109,000. SG Americas Securities LLC grew its stake in Civista Bancshares by 25.8% in the 4th quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock valued at $156,000 after buying an additional 1,736 shares during the last quarter. Gendell Jeffrey L acquired a new position in Civista Bancshares in the 4th quarter valued at $184,000. Finally, Quadrature Capital Ltd acquired a new position in Civista Bancshares in the 4th quarter valued at $274,000. Institutional investors and hedge funds own 52.10% of the company’s stock.

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.