Segall Bryant & Hamill LLC Takes $1.77 Million Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Segall Bryant & Hamill LLC acquired a new position in Civista Bancshares, Inc. (NASDAQ:CIVB) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 84,306 shares of the bank’s stock, valued at approximately $1,774,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Civista Bancshares during the third quarter valued at about $45,000. SG Americas Securities LLC increased its holdings in shares of Civista Bancshares by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock valued at $139,000 after acquiring an additional 892 shares during the last quarter. Summit Global Investments acquired a new position in shares of Civista Bancshares during the 4th quarter valued at about $272,000. Jane Street Group LLC raised its stake in shares of Civista Bancshares by 24.2% in the 3rd quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock valued at $360,000 after acquiring an additional 3,934 shares in the last quarter. Finally, Park National Corp OH lifted its holdings in Civista Bancshares by 8.6% in the 4th quarter. Park National Corp OH now owns 25,275 shares of the bank’s stock worth $532,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Wall Street Analyst Weigh In

CIVB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. DA Davidson set a $27.00 price objective on shares of Civista Bancshares in a report on Friday, January 31st. StockNews.com upgraded shares of Civista Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Finally, Stephens reissued an “equal weight” rating and set a $24.00 target price on shares of Civista Bancshares in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.40.

Civista Bancshares Stock Performance

Shares of NASDAQ CIVB opened at $19.47 on Friday. Civista Bancshares, Inc. has a 12 month low of $13.60 and a 12 month high of $23.70. The company has a market cap of $301.38 million, a P/E ratio of 9.64 and a beta of 0.79. The business’s 50 day moving average is $20.57 and its two-hundred day moving average is $20.30. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. On average, equities analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Civista Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.49%. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s dividend payout ratio is currently 33.66%.

Civista Bancshares Company Profile

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.