Inspire Investing LLC Acquires 554 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Inspire Investing LLC grew its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,528 shares of the bank’s stock after buying an additional 554 shares during the period. Inspire Investing LLC owned 0.33% of Civista Bancshares worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CIVB. Public Employees Retirement System of Ohio purchased a new position in Civista Bancshares during the third quarter valued at $45,000. SG Americas Securities LLC purchased a new position in shares of Civista Bancshares during the third quarter valued at about $102,000. Los Angeles Capital Management LLC grew its position in shares of Civista Bancshares by 4.4% during 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. Jane Street Group LLC increased its holdings in shares of Civista Bancshares by 24.2% in the third quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock worth $360,000 after purchasing an additional 3,934 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Civista Bancshares in the second quarter worth about $323,000. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Civista Bancshares Trading Up 0.6 %

Shares of CIVB stock opened at $21.19 on Friday. The company has a market cap of $333.53 million, a PE ratio of 10.54 and a beta of 0.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $21.62 and its two-hundred day simple moving average is $19.06. Civista Bancshares, Inc. has a 1 year low of $13.60 and a 1 year high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results 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 company had revenue of $62.43 million for 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 EPS. Research analysts predict that Civista Bancshares, Inc. will post 1.92 earnings per share for the current year.

Civista Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, February 4th. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s dividend payout ratio (DPR) is 31.84%.

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.