Civista Bancshares, Inc. (NASDAQ:CIVB) Short Interest Update

Civista Bancshares, Inc. (NASDAQ:CIVB) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 124,800 shares, an increase of 5.2% from the July 31st total of 118,600 shares. Based on an average trading volume of 47,400 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.8% of the shares of the company are short sold.

Insider Buying and Selling at Civista Bancshares

In other news, Director Julie A. Mattlin purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $15.60 per share, for a total transaction of $31,200.00. Following the completion of the purchase, the director now directly owns 12,442 shares in the company, valued at approximately $194,095.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.01% of the company’s stock.

Institutional Trading of Civista Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIVB. EntryPoint Capital LLC bought a new position in shares of Civista Bancshares during the first quarter valued at $63,000. Hillsdale Investment Management Inc. bought a new position in shares of Civista Bancshares during the fourth quarter valued at $109,000. Gendell Jeffrey L bought a new position in shares of Civista Bancshares during the fourth quarter valued at $184,000. Princeton Capital Management LLC bought a new stake in Civista Bancshares in the 2nd quarter worth about $189,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Civista Bancshares by 10,347.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock worth $197,000 after buying an additional 12,624 shares in the last quarter. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares Price Performance

NASDAQ CIVB opened at $16.90 on Thursday. The firm’s 50-day simple moving average is $16.38 and its two-hundred day simple moving average is $15.26. Civista Bancshares has a 52 week low of $13.60 and a 52 week high of $19.00. The company has a market cap of $265.79 million, a PE ratio of 7.25 and a beta of 0.82. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.64.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. The company had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $36.57 million. During the same period in the prior year, the business earned $0.64 earnings per share. Research analysts predict that Civista Bancshares will post 1.76 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Tuesday, August 6th. Civista Bancshares’s dividend payout ratio (DPR) is presently 27.47%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CIVB shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $19.00 price objective (up from $18.00) on shares of Civista Bancshares in a research report on Tuesday, July 30th. Piper Sandler raised their target price on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.25.

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.