Park National Corp OH reduces position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Park National Corp OH reduced its stake in Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) by 7.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 23,275 shares of the bank after selling 2,000 shares during the same period. Park National Corp OH owned 0.15% of Civista Bancshares worth $361,000, according to its most recent filing with the SEC.

A number of other institutional investors have also changed their holdings in CIVB. SG Americas Securities LLC increased its holdings in Civista Bancshares by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 8,458 shares of the bank’s stock worth $156,000 after acquiring an additional 1,736 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Civista Bancshares by 9.7% in the fourth quarter. Victory Capital Management Inc. now owns 47,700 shares of the bank’s stock worth $880,000 after acquiring an additional 4,212 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Civista Bancshares by 41.1% in the fourth quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after purchasing an additional 5,440 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Civista Bancshares in the 4th quarter valued at about $109,000. Finally, Gendell Jeffrey L bought a new position in Civista Bancshares in the fourth quarter valued at $184,000. Institutional investors and hedge funds own 52.10% of the company’s stock.

Wall Street analysts comment

Several research firms have commented on CIVB. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th. Piper Sandler increased their price target on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a “hold” rating and one has given the company’s stock a “buy” rating. According to MarketBeat.com, Civista Bancshares currently has a consensus rating of “Hold” and an average price target of $18.25.

Check out our latest stock analysis on CIVB

Price development of Civista Bancshares shares

CIVB opened at $15.52 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31. The company’s 50-day moving average is $15.56 and its 200-day moving average is $15.24. The stock has a market cap of $244.08 million, a P/E ratio of 6.66 and a beta of 0.82. Civista Bancshares, Inc. has a twelve-month low of $13.60 and a twelve-month high of $19.00.

Civista Bancshares (NASDAQ:CIVB – Get Free Report) last released its quarterly earnings results on Monday, July 29. The bank reported earnings per share (EPS) of $0.45 for the quarter, beating the consensus estimate of $0.40 by $0.05. The company had revenue of $61.14 million for the quarter, compared to the consensus estimate of $36.57 million. Civista Bancshares had a return on equity of 9.34% and a net margin of 14.48%. During the same period last year, the company posted earnings per share of $0.64. On average, analysts forecast that Civista Bancshares, Inc. will post earnings per share of $1.75 for the current year.

Dividend announcement for Civista Bancshares

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will receive a dividend of $0.16. The ex-dividend date of this dividend is Tuesday, August 6th. This represents an annualized dividend of $0.64 and a yield of 4.12%. Civista Bancshares’ Dividend Payout Ratio (DPR) is 27.47%.

Civista Bancshares Profile

(Free report)

Civista Bancshares, Inc. acts as a financial holding company for Civista Bank, which provides community banking services. It aggregates a range of customer deposits and offers commercial and agricultural loans, commercial and residential real estate, agricultural real estate, real estate construction, consumer and other loans, and letters of credit.