Short Interest in Civista Bancshares, Inc. (NASDAQ:CIVB) Expands By 9.8%

Civista Bancshares, Inc. (NASDAQ:CIVB) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 141,600 shares, an increase of 9.8% from the August 31st total of 129,000 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 51,100 shares, the short-interest ratio is currently 2.8 days.

Insider Buying and Selling

In other Civista Bancshares news, Director Julie A. Mattlin purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $15.60 per share, with a total value of $31,200.00. Following the completion of the acquisition, the director now directly owns 12,442 shares of the company’s stock, valued at approximately $194,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Civista Bancshares

Large investors have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in Civista Bancshares in the 1st quarter valued at $63,000. Gendell Jeffrey L acquired a new position in Civista Bancshares during the fourth quarter valued at approximately $184,000. Princeton Capital Management LLC bought a new position in Civista Bancshares in the second quarter valued at approximately $189,000. Allspring Global Investments Holdings LLC increased its position in shares of Civista Bancshares by 10,347.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock worth $197,000 after purchasing an additional 12,624 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Civista Bancshares during the 4th quarter worth approximately $274,000. Institutional investors own 52.10% of the company’s stock.

Civista Bancshares Trading Down 1.6 %

Shares of NASDAQ:CIVB traded down $0.28 during mid-day trading on Tuesday, reaching $17.54. The stock had a trading volume of 26,511 shares, compared to its average volume of 37,991. The firm has a market cap of $275.85 million, a PE ratio of 7.61 and a beta of 0.80. The firm has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $15.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.64. Civista Bancshares has a twelve month low of $13.60 and a twelve month high of $19.00.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Monday, July 29th. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $36.57 million. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. During the same period last year, the firm posted $0.64 earnings per share. On average, research analysts predict that Civista Bancshares will post 1.76 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.64 annualized dividend and a yield of 3.65%. Civista Bancshares’s dividend payout ratio (DPR) is currently 27.47%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CIVB shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $19.00 price objective (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Piper Sandler lifted their price target on shares of Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Civista Bancshares currently has an average rating of “Hold” and a consensus price target of $18.25.

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.