Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 24.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,215 shares of the bank’s stock after purchasing an additional 3,934 shares during the period. Jane Street Group LLC’s holdings in Civista Bancshares were worth $360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CIVB. Inspire Investing LLC purchased a new stake in Civista Bancshares during the 3rd quarter worth approximately $926,000. Assenagon Asset Management S.A. increased its holdings in Civista Bancshares by 130.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank’s stock worth $1,131,000 after purchasing an additional 35,968 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Civista Bancshares during the 2nd quarter worth approximately $323,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Civista Bancshares by 38.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,095 shares of the bank’s stock worth $554,000 after purchasing an additional 8,597 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Civista Bancshares by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank’s stock worth $12,316,000 after purchasing an additional 6,234 shares during the last quarter. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

Civista Bancshares Trading Down 3.1 %

Shares of CIVB stock opened at $19.43 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $23.69. The stock has a fifty day moving average of $21.92 and a two-hundred day moving average of $18.66. The firm has a market capitalization of $305.77 million, a PE ratio of 9.67 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The business had revenue of $62.43 million during the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, research analysts expect that Civista Bancshares, Inc. will post 1.91 EPS for the current year.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.64 annualized dividend and a dividend yield of 3.29%. Civista Bancshares’s dividend payout ratio (DPR) is 31.84%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CIVB. Hovde Group upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Wednesday, October 30th. Stephens boosted their price target on Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price target on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

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.