Civista Bancshares, Inc. (NASDAQ: CIVB – get rating) saw significant growth in short interest in the month of February. As of February 15, there was short interest on a total of 206,000 shares, a growth of 33.0% from the January 31 total of 154,900 shares. Based on an average daily trading volume of 37,400 shares, the days to hedge ratio is currently 5.5 days. Currently, 1.5% of the stock’s shares are sold short.
Several equity analysts recently commented on the CIVB’s actions. DA Davidson reaffirmed a “buy” rating on Civista Bancshares shares in a research report on Wednesday, January 12. Zacks Investment Research downgraded shares of Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, January 3.
Civista Bancshares shares opened at $24.25 on Monday. The company has a market cap of $364.38 million, a P/E ratio of 9.19, and a beta of 0.88. The business has a 50-day simple moving average of $24.36. Civista Bancshares has a 1-year minimum of $21.06 and a 1-year maximum of $25.94. The firm has a debt-to-equity ratio of 0.30, a quick ratio of 0.90, and a current ratio of 0.90.
Civista Bancshares (NASDAQ: CIVB – get rating) last posted its earnings results on Thursday, February 3. The bank reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.12. Civista Bancshares had a net margin of 30.44% and a return on capital of 11.57%. During the same quarter of the previous year, the business recorded $0.64 EPS. As a group, equity analysts expect Civista Bancshares to post 2.26 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 received a dividend of $0.14. This represents an annualized dividend of $0.56 and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, February 14. Civista Bancshares payout ratio is 21.21%.
In other news from Civista Bancshares, Director Allen R Nickles sold 5,000 shares of the company’s capital stock in a transaction dated Tuesday, March 1. The shares were sold at an average price of $24.09, for a total value of $120,450.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.82% of the company’s shares.
Hedge funds have recently bought and sold shares of stocks. Susquehanna International Group LLP purchased a new position in Civista Bancshares stock in the fourth quarter valued at approximately $1,433,000. LSV Asset Management increased its position in Civista Bancshares by 77.0% during the fourth quarter. LSV Asset Management now owns 132,332 shares of the bank worth $3,229,000 after purchasing an additional 57,581 shares during the period. Assenagon Asset Management SA purchased a new position in Civista Bancshares during the fourth quarter for $768,000. Monarch Partners Asset Management LLC increased its stake in Civista Bancshares by 32.9% in the third quarter. Monarch Partners Asset Management LLC now owns 115,549 shares of the bank valued at $2,684,000 after purchasing an additional 28,597 shares during the period. Finally, Millennium Management LLC increased its stake in Civista Bancshares by 145.0% in the third quarter. Millennium Management LLC now owns 47,205 shares of the bank valued at $1,097,000 after purchasing an additional 27,937 shares during the period. Institutional investors and hedge funds own 52.72% of the company’s shares.
About Civista Bancshares (get rating)
Civista Bancshares, Inc is a financial holding company engaged in the community banking business. Provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The company’s main deposit products are checking accounts, savings accounts and term certificates, and its credit products are residential, commercial and term mortgage loans.
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