Seidman Lawrence B purchased a new stake in Civista Bancshares Inc (NASDAQ:CIVB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 189,982 shares of the bank’s stock, valued at approximately $4,577,000. Civista Bancshares accounts for about 3.5% of Seidman Lawrence B’s holdings, making the stock its 12th largest holding. Seidman Lawrence B owned approximately 1.76% of Civista Bancshares at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank acquired a new stake in Civista Bancshares in the third quarter valued at approximately $122,000. MetLife Investment Advisors LLC acquired a new stake in Civista Bancshares in the second quarter valued at approximately $127,000. Macquarie Group Ltd. grew its position in Civista Bancshares by 544.0% in the second quarter. Macquarie Group Ltd. now owns 8,050 shares of the bank’s stock valued at $195,000 after acquiring an additional 6,800 shares in the last quarter. Rhumbline Advisers acquired a new stake in Civista Bancshares in the second quarter valued at approximately $239,000. Finally, Mackay Shields LLC acquired a new stake in Civista Bancshares in the second quarter valued at approximately $305,000. Hedge funds and other institutional investors own 57.94% of the company’s stock.

CIVB stock opened at $20.82 on Thursday. Civista Bancshares Inc has a twelve month low of $20.46 and a twelve month high of $25.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.97 and a quick ratio of 1.03. The company has a market cap of $225.54 million, a PE ratio of 15.65, a P/E/G ratio of 1.92 and a beta of 0.53.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Friday, November 2nd. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Civista Bancshares had a net margin of 12.75% and a return on equity of 10.98%. The business had revenue of $19.11 million during the quarter, compared to the consensus estimate of $22.16 million. On average, analysts anticipate that Civista Bancshares Inc will post 1.36 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Tuesday, October 23rd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Monday, October 22nd. Civista Bancshares’s payout ratio is currently 27.07%.

Several brokerages have issued reports on CIVB. BidaskClub raised shares of Civista Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Zacks Investment Research downgraded shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Hovde Group reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Civista Bancshares in a research report on Thursday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Civista Bancshares in a research report on Monday, July 30th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Civista Bancshares in a research report on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Civista Bancshares currently has an average rating of “Hold” and a consensus target price of $26.50.

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About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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Institutional Ownership by Quarter for Civista Bancshares (NASDAQ:CIVB)

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