Kennedy Capital Management Inc. Sells 1,296 Shares of Civista Bancshares Inc (NASDAQ:CIVB)

Kennedy Capital Management Inc. trimmed its holdings in shares of Civista Bancshares Inc (NASDAQ:CIVB) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,123 shares of the bank’s stock after selling 1,296 shares during the period. Kennedy Capital Management Inc.’s holdings in Civista Bancshares were worth $2,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CIVB. Pacific Ridge Capital Partners LLC purchased a new stake in Civista Bancshares during the first quarter worth about $3,114,000. Dimensional Fund Advisors LP increased its stake in Civista Bancshares by 21.5% during the first quarter. Dimensional Fund Advisors LP now owns 312,579 shares of the bank’s stock worth $6,823,000 after purchasing an additional 55,391 shares during the period. Wells Fargo & Company MN increased its stake in Civista Bancshares by 2.2% during the first quarter. Wells Fargo & Company MN now owns 60,154 shares of the bank’s stock worth $1,311,000 after purchasing an additional 1,320 shares during the period. BlackRock Inc. grew its position in shares of Civista Bancshares by 4.2% during the first quarter. BlackRock Inc. now owns 760,095 shares of the bank’s stock worth $16,592,000 after buying an additional 30,719 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Civista Bancshares by 2.2% during the first quarter. California State Teachers Retirement System now owns 21,761 shares of the bank’s stock worth $475,000 after buying an additional 465 shares in the last quarter. Institutional investors own 54.10% of the company’s stock.

Shares of Civista Bancshares stock opened at $21.70 on Friday. Civista Bancshares Inc has a one year low of $15.55 and a one year high of $25.88. The stock has a market cap of $338.95 million, a PE ratio of 11.73, a P/E/G ratio of 1.37 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Friday, May 3rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $28.00 million during the quarter, compared to the consensus estimate of $27.22 million. Civista Bancshares had a return on equity of 10.70% and a net margin of 16.63%. On average, sell-side analysts predict that Civista Bancshares Inc will post 2.02 earnings per share for the current year.

CIVB has been the subject of a number of analyst reports. BidaskClub downgraded Civista Bancshares from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 26th. Zacks Investment Research raised Civista Bancshares from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Thursday, February 21st. ValuEngine downgraded Civista Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Finally, TheStreet raised Civista Bancshares from a “c+” rating to a “b” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.00.

In other Civista Bancshares news, Director Gerald B. Wurm purchased 10,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $21.77 per share, with a total value of $217,700.00. Following the completion of the acquisition, the director now directly owns 2,878 shares of the company’s stock, valued at approximately $62,654.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.45% of the company’s stock.

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Civista Bancshares Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

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Institutional Ownership by Quarter for Civista Bancshares (NASDAQ:CIVB)

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