Civista Bancshares Inc (NASDAQ:CIVB) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 75,600 shares, a decline of 22.1% from the September 30th total of 97,100 shares. Based on an average trading volume of 37,300 shares, the short-interest ratio is currently 2.0 days. Currently, 0.5% of the shares of the stock are sold short.

A number of equities analysts recently commented on the company. Boenning Scattergood reiterated a “hold” rating on shares of Civista Bancshares in a research report on Friday, July 26th. ValuEngine downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. BidaskClub downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday. DA Davidson upgraded Civista Bancshares from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research upgraded Civista Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.00.

Civista Bancshares stock traded up $0.16 during trading on Thursday, reaching $22.25. 18,700 shares of the company were exchanged, compared to its average volume of 35,943. Civista Bancshares has a 52-week low of $15.55 and a 52-week high of $23.19. The company has a market capitalization of $349.78 million, a P/E ratio of 12.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $21.90 and its two-hundred day simple moving average is $21.74.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Friday, October 25th. The bank reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). Civista Bancshares had a return on equity of 11.28% and a net margin of 28.27%. The company had revenue of $25.85 million for the quarter, compared to analysts’ expectations of $26.12 million. As a group, equities analysts forecast that Civista Bancshares will post 2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.98%. Civista Bancshares’s dividend payout ratio is currently 23.78%.

A number of large investors have recently bought and sold shares of CIVB. Meeder Asset Management Inc. raised its position in Civista Bancshares by 243.6% in the third quarter. Meeder Asset Management Inc. now owns 1,529 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,084 shares during the period. Bank of Montreal Can raised its position in Civista Bancshares by 96.7% in the second quarter. Bank of Montreal Can now owns 2,760 shares of the bank’s stock valued at $62,000 after purchasing an additional 1,357 shares during the period. JPMorgan Chase & Co. raised its position in Civista Bancshares by 23.5% in the second quarter. JPMorgan Chase & Co. now owns 4,213 shares of the bank’s stock valued at $92,000 after purchasing an additional 803 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in Civista Bancshares in the second quarter valued at $226,000. Finally, Rhumbline Advisers raised its position in Civista Bancshares by 9.7% in the third quarter. Rhumbline Advisers now owns 23,660 shares of the bank’s stock valued at $514,000 after purchasing an additional 2,092 shares during the period. Institutional investors own 56.56% of the company’s stock.

Civista Bancshares Company Profile

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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