Pacific Ridge Capital Partners LLC Has $3.17 Million Stock Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

Pacific Ridge Capital Partners LLC trimmed its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 34.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 150,471 shares of the bank’s stock after selling 78,680 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.96% of Civista Bancshares worth $3,166,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in Civista Bancshares during the third quarter worth about $45,000. SG Americas Securities LLC lifted its holdings in shares of Civista Bancshares by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock worth $139,000 after acquiring an additional 892 shares during the period. Summit Global Investments acquired a new stake in shares of Civista Bancshares during the 4th quarter worth approximately $272,000. Jane Street Group LLC increased its stake in Civista Bancshares by 24.2% in the third quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock valued at $360,000 after acquiring an additional 3,934 shares during the last quarter. Finally, Park National Corp OH raised its position in Civista Bancshares by 8.6% during the fourth quarter. Park National Corp OH now owns 25,275 shares of the bank’s stock valued at $532,000 after purchasing an additional 2,000 shares in the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CIVB. StockNews.com raised Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. DA Davidson set a $27.00 target price on shares of Civista Bancshares in a report on Friday, January 31st. Finally, Stephens reaffirmed an “equal weight” rating and set a $24.00 price target on shares of Civista Bancshares in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

Civista Bancshares Trading Up 1.6 %

NASDAQ CIVB opened at $19.72 on Thursday. The firm has a market capitalization of $305.25 million, a PE ratio of 9.76 and a beta of 0.79. The business’s 50-day moving average price is $20.61 and its two-hundred day moving average price is $20.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. Civista Bancshares, Inc. has a 12 month low of $13.60 and a 12 month high of $23.70.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. On average, analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Civista Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th were given a dividend of $0.17 per share. This is a boost from Civista Bancshares’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.45%. Civista Bancshares’s payout ratio is presently 33.66%.

Civista Bancshares 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.