Civista Bancshares, Inc. (CIVB) Position Boosted by OxFORD Asset Management LLP
OxFORD Asset Management LLP raised its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,684 shares of the bank’s stock after buying an additional 3,915 shares during the quarter. OxFORD Asset Management LLP owned about 0.27% of Civista Bancshares worth $578,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. AXA grew its position in Civista Bancshares by 19.9% during the first quarter. AXA now owns 30,094 shares of the bank’s stock worth $667,000 after buying an additional 4,994 shares in the last quarter. FNY Partners Fund LP purchased a new position in Civista Bancshares during the first quarter worth about $110,000. Nationwide Fund Advisors grew its position in Civista Bancshares by 15.7% during the second quarter. Nationwide Fund Advisors now owns 39,665 shares of the bank’s stock worth $828,000 after buying an additional 5,394 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in Civista Bancshares by 37.6% during the second quarter. Monarch Partners Asset Management LLC now owns 22,780 shares of the bank’s stock worth $476,000 after buying an additional 6,230 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Civista Bancshares by 272.7% during the second quarter. JPMorgan Chase & Co. now owns 9,997 shares of the bank’s stock worth $209,000 after buying an additional 7,315 shares in the last quarter. Institutional investors and hedge funds own 42.11% of the company’s stock.
Civista Bancshares, Inc. (NASDAQ CIVB) opened at 22.91 on Wednesday. The stock has a market capitalization of $232.99 million, a PE ratio of 17.01 and a beta of 0.51. Civista Bancshares, Inc. has a 52-week low of $14.15 and a 52-week high of $23.75. The company’s 50-day moving average price is $21.39 and its 200 day moving average price is $20.97.
Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The business had revenue of $17.47 million for the quarter, compared to the consensus estimate of $17.70 million. Civista Bancshares had a net margin of 21.97% and a return on equity of 11.19%. Equities analysts forecast that Civista Bancshares, Inc. will post $1.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 17th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, October 16th. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. Civista Bancshares’s dividend payout ratio (DPR) is currently 20.59%.
Several equities analysts recently commented on CIVB shares. DA Davidson restated a “neutral” rating and set a $24.50 target price on shares of Civista Bancshares in a research report on Tuesday, July 4th. Zacks Investment Research cut Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $24.00 target price on shares of Civista Bancshares in a research report on Sunday, July 30th. Boenning Scattergood set a $24.00 target price on Civista Bancshares and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Sandler O’Neill restated a “buy” rating and set a $25.00 target price (up from $23.50) on shares of Civista Bancshares in a research report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $22.65.
Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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