Legal & General Group Plc boosted its holdings in shares of Civista Bancshares Inc (NASDAQ:CIVB) by 44.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,081 shares of the bank’s stock after buying an additional 640 shares during the period. Legal & General Group Plc’s holdings in Civista Bancshares were worth $50,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Huntington National Bank bought a new stake in Civista Bancshares during the third quarter valued at $122,000. American International Group Inc. boosted its stake in Civista Bancshares by 39.5% during the third quarter. American International Group Inc. now owns 9,134 shares of the bank’s stock valued at $220,000 after buying an additional 2,584 shares during the period. Citadel Advisors LLC bought a new stake in Civista Bancshares during the third quarter valued at $247,000. MetLife Investment Advisors LLC boosted its stake in Civista Bancshares by 103.9% during the third quarter. MetLife Investment Advisors LLC now owns 10,717 shares of the bank’s stock valued at $258,000 after buying an additional 5,460 shares during the period. Finally, Bank of America Corp DE boosted its stake in Civista Bancshares by 538.1% during the second quarter. Bank of America Corp DE now owns 18,243 shares of the bank’s stock valued at $442,000 after buying an additional 15,384 shares during the period. 50.12% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. ValuEngine downgraded Civista Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 27th. TheStreet downgraded Civista Bancshares from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. BidaskClub downgraded Civista Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, December 7th. Finally, Boenning Scattergood downgraded Civista Bancshares from an “outperform” rating to a “neutral” rating in a research report on Monday, November 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.17.

CIVB opened at $19.22 on Monday. The stock has a market capitalization of $296.01 million, a PE ratio of 14.45, a P/E/G ratio of 1.24 and a beta of 0.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. Civista Bancshares Inc has a 12 month low of $15.55 and a 12 month high of $25.88.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 1st. Stockholders of record on Tuesday, January 22nd were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, January 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. Civista Bancshares’s dividend payout ratio is currently 27.07%.

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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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