Inspire Investing LLC Acquires 554 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Inspire Investing LLC raised its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 52,528 shares of the bank’s stock after buying an additional 554 shares during the period. Inspire Investing LLC’s holdings in Civista Bancshares were worth $1,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CIVB. Dimensional Fund Advisors LP grew its holdings in shares of Civista Bancshares by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank’s stock worth $12,316,000 after purchasing an additional 6,234 shares during the last quarter. Geode Capital Management LLC boosted its position in Civista Bancshares by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 348,352 shares of the bank’s stock valued at $6,208,000 after buying an additional 9,501 shares during the period. State Street Corp grew its stake in Civista Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 298,557 shares of the bank’s stock worth $5,320,000 after acquiring an additional 3,112 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Civista Bancshares by 130.8% during the third quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank’s stock worth $1,131,000 after acquiring an additional 35,968 shares during the period. Finally, Barclays PLC raised its stake in shares of Civista Bancshares by 40.7% during the third quarter. Barclays PLC now owns 51,521 shares of the bank’s stock valued at $917,000 after acquiring an additional 14,909 shares in the last quarter. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CIVB. Keefe, Bruyette & Woods increased their price objective on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Stephens increased their price target on Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Hovde Group upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Civista Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $21.75.

Civista Bancshares Price Performance

NASDAQ CIVB opened at $21.19 on Friday. The company has a market cap of $333.53 million, a PE ratio of 10.54 and a beta of 0.82. Civista Bancshares, Inc. has a 52-week low of $13.60 and a 52-week high of $23.69. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s 50 day moving average price is $21.62 and its 200-day moving average price is $19.06.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The business had revenue of $62.43 million for the quarter, compared to analysts’ expectations of $37.60 million. Civista Bancshares had a return on equity of 8.33% and a net margin of 13.12%. During the same quarter last year, the firm earned $0.66 EPS. Sell-side analysts forecast that Civista Bancshares, Inc. will post 1.92 EPS for the current fiscal year.

Civista Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Tuesday, February 4th. This is a positive change from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s payout ratio is 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.