Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Sold by CWS Financial Advisors LLC

CWS Financial Advisors LLC cut its stake in Civista Bancshares, Inc. (NASDAQ:CIVB) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,877 shares of the bank’s stock after selling 1,000 shares during the period. CWS Financial Advisors LLC owned 0.15% of Civista Bancshares worth $408,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CIVB. Russell Investments Group Ltd. raised its holdings in Civista Bancshares by 11.3% in the first quarter. Russell Investments Group Ltd. now owns 24,080 shares of the bank’s stock valued at $370,000 after acquiring an additional 2,453 shares in the last quarter. Vanguard Group Inc. increased its stake in Civista Bancshares by 1.1% during the first quarter. Vanguard Group Inc. now owns 812,806 shares of the bank’s stock valued at $12,501,000 after purchasing an additional 8,797 shares during the last quarter. Quadrature Capital Ltd increased its stake in Civista Bancshares by 24.7% during the first quarter. Quadrature Capital Ltd now owns 18,535 shares of the bank’s stock valued at $283,000 after purchasing an additional 3,672 shares during the last quarter. Summit Financial Strategies Inc. increased its stake in Civista Bancshares by 3.2% during the second quarter. Summit Financial Strategies Inc. now owns 148,858 shares of the bank’s stock valued at $2,306,000 after purchasing an additional 4,559 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Civista Bancshares by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 118,232 shares of the bank’s stock valued at $1,831,000 after purchasing an additional 4,284 shares during the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on CIVB shares. Piper Sandler boosted their target price on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Stephens boosted their target price on shares of Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Hovde Group upgraded shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Civista Bancshares has an average rating of “Moderate Buy” and a consensus price target of $20.25.

Civista Bancshares Stock Up 0.0 %

Civista Bancshares stock opened at $22.81 on Friday. The company has a 50-day simple moving average of $19.76 and a 200-day simple moving average of $17.15. The firm has a market capitalization of $359.03 million, a P/E ratio of 11.35 and a beta of 0.78. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, topping the consensus estimate of $0.44 by $0.09. The business had revenue of $62.43 million during the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. During the same quarter in the prior year, the firm earned $0.66 earnings per share. As a group, equities analysts expect that Civista Bancshares, Inc. will post 1.91 earnings per share for the current year.

Civista Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.64 annualized dividend and a dividend yield of 2.81%. Civista Bancshares’s dividend payout ratio is currently 31.84%.

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.