Barclays PLC Buys 14,909 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Barclays PLC grew its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 40.7% in the third quarter, HoldingsChannel reports. The firm owned 51,521 shares of the bank’s stock after buying an additional 14,909 shares during the quarter. Barclays PLC’s holdings in Civista Bancshares were worth $917,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Civista Bancshares during the third quarter valued at approximately $45,000. SG Americas Securities LLC bought a new position in shares of Civista Bancshares during the 3rd quarter valued at approximately $102,000. Los Angeles Capital Management LLC grew its holdings in shares of Civista Bancshares by 4.4% in the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock valued at $248,000 after purchasing an additional 589 shares in the last quarter. Hsbc Holdings PLC increased its position in Civista Bancshares by 30.9% in the second quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock worth $318,000 after purchasing an additional 4,985 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Civista Bancshares during the second quarter valued at $323,000. 52.10% of the stock is owned by institutional investors.

Civista Bancshares Price Performance

Civista Bancshares stock opened at $20.06 on Wednesday. Civista Bancshares, Inc. has a 12-month low of $13.60 and a 12-month high of $23.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $21.84 and a 200-day moving average price of $18.83. The firm has a market capitalization of $315.68 million, a PE ratio of 9.98 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 (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. The business had revenue of $62.43 million during the quarter, compared to the consensus estimate of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, equities research analysts forecast that Civista Bancshares, Inc. will post 1.91 EPS for the current year.

Civista Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, November 5th. Civista Bancshares’s payout ratio is currently 31.84%.

Analysts Set New Price Targets

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

Civista Bancshares 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.