Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Purchased by Mendon Capital Advisors Corp

Mendon Capital Advisors Corp lifted its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 242,450 shares of the bank's stock after purchasing an additional 26,270 shares during the quarter. Civista Bancshares comprises approximately 2.5% of Mendon Capital Advisors Corp's investment portfolio, making the stock its 12th biggest position. Mendon Capital Advisors Corp owned 1.54% of Civista Bancshares worth $5,101,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Civista Bancshares by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 857,968 shares of the bank's stock worth $18,052,000 after acquiring an additional 12,746 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Civista Bancshares by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 833,047 shares of the bank's stock worth $17,527,000 after acquiring an additional 23,809 shares during the last quarter. Geode Capital Management LLC grew its position in Civista Bancshares by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 351,624 shares of the bank's stock worth $7,399,000 after purchasing an additional 3,272 shares during the last quarter. State Street Corp grew its holdings in shares of Civista Bancshares by 1.1% during the third quarter. State Street Corp now owns 298,557 shares of the bank's stock worth $5,320,000 after buying an additional 3,112 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Civista Bancshares by 55.0% in the 4th quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock valued at $4,025,000 after purchasing an additional 67,889 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company's stock.

Analyst Upgrades and Downgrades

CIVB has been the topic of several analyst reports. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. DA Davidson set a $27.00 target price on Civista Bancshares in a research note on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Stephens raised their target price on shares of Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Civista Bancshares presently has an average rating of "Moderate Buy" and a consensus target price of $24.20.

Civista Bancshares Stock Up 1.0 %

NASDAQ:CIVB traded up $0.21 during trading hours on Friday, hitting $21.06. The stock had a trading volume of 23,647 shares, compared to its average volume of 48,114. The company has a market cap of $325.99 million, a PE ratio of 10.43 and a beta of 0.67. The business has a 50 day simple moving average of $19.79 and a two-hundred day simple moving average of $20.62. Civista Bancshares, Inc. has a 1-year low of $13.60 and a 1-year high of $23.70. 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 announced its earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.16. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. The company had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. Analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 29th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, April 29th. Civista Bancshares's payout ratio is currently 29.96%.

About Civista Bancshares

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.