Dimensional Fund Advisors LP Raises Position in Civista Bancshares, Inc. $CIVB

Dimensional Fund Advisors LP raised its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 950,330 shares of the bank’s stock after acquiring an additional 40,176 shares during the period. Dimensional Fund Advisors LP’s holdings in Civista Bancshares were worth $21,658,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Civista Bancshares by 57.5% in the fourth quarter. NewEdge Advisors LLC now owns 1,317 shares of the bank’s stock worth $29,000 after purchasing an additional 481 shares during the period. Federated Hermes Inc. lifted its position in Civista Bancshares by 306.6% during the second quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock valued at $31,000 after buying an additional 1,015 shares during the period. Osaic Holdings Inc. lifted its position in Civista Bancshares by 628.2% during the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank’s stock valued at $75,000 after buying an additional 2,783 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Civista Bancshares by 111.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank’s stock valued at $81,000 after buying an additional 2,107 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Civista Bancshares by 784.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,795 shares of the bank’s stock valued at $111,000 after buying an additional 4,253 shares in the last quarter. Institutional investors own 52.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Civista Bancshares in a research report on Wednesday, July 8th. Wall Street Zen lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Zacks Research cut shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. DA Davidson raised their target price on shares of Civista Bancshares from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $31.00 target price (up from $29.00) on shares of Civista Bancshares in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Civista Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $30.25.

Civista Bancshares Trading Down 0.6%

NASDAQ CIVB opened at $28.67 on Friday. Civista Bancshares, Inc. has a 12 month low of $19.01 and a 12 month high of $29.97. The stock has a market cap of $595.76 million, a P/E ratio of 10.62 and a beta of 0.66. The stock’s fifty day moving average price is $27.73 and its 200-day moving average price is $25.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $47.60 million during the quarter, compared to the consensus estimate of $48.08 million. Civista Bancshares had a return on equity of 10.82% and a net margin of 20.79%. As a group, equities analysts forecast that Civista Bancshares, Inc. will post 2.83 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 4th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, August 4th. Civista Bancshares’s dividend payout ratio (DPR) is currently 26.67%.

About Civista Bancshares

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.