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

Civista Bancshares, Inc. (NASDAQ:CIVB) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 141,600 shares, an increase of 9.8% from the August 31st total of 129,000 shares. Based on an average daily volume of 51,100 shares, the short-interest ratio is currently 2.8 days. Currently, 0.9% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Civista Bancshares Stock Down 1.6 %

Civista Bancshares stock traded down $0.28 during mid-day trading on Tuesday, hitting $17.54. The company’s stock had a trading volume of 26,511 shares, compared to its average volume of 37,991. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.01 and a quick ratio of 1.01. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $19.00. The firm’s 50 day moving average is $16.96 and its 200 day moving average is $15.57. The company has a market cap of $275.85 million, a PE ratio of 7.61 and a beta of 0.80.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Monday, July 29th. The bank reported $0.45 EPS for the quarter, beating 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 business had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $36.57 million. During the same period in the previous year, the company posted $0.64 EPS. On average, analysts anticipate that Civista Bancshares will post 1.76 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were given a $0.16 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.65%. Civista Bancshares’s dividend payout ratio is currently 27.47%.

Insider Buying and Selling

In other Civista Bancshares news, Director Julie A. Mattlin bought 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost 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 of the company’s stock, valued at $194,095.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in shares of Civista Bancshares in the second quarter valued at about $323,000. Hsbc Holdings PLC increased its position in Civista Bancshares by 30.9% during the second quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock worth $318,000 after acquiring an additional 4,985 shares during the period. Dimensional Fund Advisors LP raised its stake in Civista Bancshares by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 795,154 shares of the bank’s stock valued at $12,316,000 after purchasing an additional 6,234 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Civista Bancshares by 5.4% in the 2nd quarter. Victory Capital Management Inc. now owns 51,650 shares of the bank’s stock valued at $800,000 after purchasing an additional 2,650 shares during the period. Finally, Princeton Capital Management LLC acquired a new stake in Civista Bancshares in the 2nd quarter worth $189,000. 52.10% of the stock is owned by institutional investors.

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.