JPMorgan Chase & Co. Has $1.18 Million Stock Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

JPMorgan Chase & Co. grew its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 120.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,144 shares of the bank's stock after acquiring an additional 30,706 shares during the quarter. JPMorgan Chase & Co. owned 0.36% of Civista Bancshares worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Segall Bryant & Hamill LLC bought a new stake in Civista Bancshares in the 4th quarter valued at $1,774,000. American Century Companies Inc. lifted its stake in shares of Civista Bancshares by 55.0% in the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock valued at $4,025,000 after buying an additional 67,889 shares during the period. Prudential Financial Inc. lifted its stake in shares of Civista Bancshares by 271.7% in the fourth quarter. Prudential Financial Inc. now owns 53,355 shares of the bank's stock valued at $1,123,000 after buying an additional 39,000 shares during the period. Barclays PLC increased its stake in 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Civista Bancshares by 45.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,161 shares of the bank's stock valued at $950,000 after acquiring an additional 14,066 shares during the period. Institutional investors and hedge funds own 52.10% of the company's stock.

Civista Bancshares Price Performance

Shares of Civista Bancshares stock traded down $0.11 during mid-day trading on Thursday, reaching $22.40. 5,747 shares of the stock were exchanged, compared to its average volume of 48,000. Civista Bancshares, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.70. The company has a market cap of $346.73 million, a price-to-earnings ratio of 11.09 and a beta of 0.67. The firm has a 50-day simple moving average of $19.87 and a 200 day simple moving average of $20.70. 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 (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.16. The company had revenue of $40.63 million during the quarter, compared to analyst estimates of $40.33 million. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. On average, sell-side analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 29th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.04%. Civista Bancshares's dividend payout ratio (DPR) is presently 29.96%.

Insider Activity at Civista Bancshares

In related news, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was bought at an average cost of $22.44 per share, with a total value of $137,848.92. Following the completion of the purchase, the chairman now owns 19,162 shares in the company, valued at approximately $429,995.28. The trade was a 47.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stephens lifted their price objective on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Keefe, Bruyette & Woods boosted their price target on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, April 25th. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Piper Sandler upped their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday. Finally, DA Davidson set a $27.00 price target on shares of Civista Bancshares in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $25.20.

Civista Bancshares Company 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.