Royal Bank of Canada Sells 836 Shares of Civista Bancshares Inc (NASDAQ:CIVB)

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Royal Bank of Canada trimmed its stake in shares of Civista Bancshares Inc (NASDAQ:CIVB) by 13.4% in the first quarter, HoldingsChannel.com reports. The fund owned 5,400 shares of the bank’s stock after selling 836 shares during the quarter. Royal Bank of Canada’s holdings in Civista Bancshares were worth $81,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Seidman Lawrence B bought a new stake in shares of Civista Bancshares during the 1st quarter valued at $194,000. Meeder Asset Management Inc. lifted its position in shares of Civista Bancshares by 315.6% during the 1st quarter. Meeder Asset Management Inc. now owns 6,355 shares of the bank’s stock valued at $95,000 after acquiring an additional 4,826 shares during the period. Invesco Ltd. lifted its position in shares of Civista Bancshares by 30.3% during the 1st quarter. Invesco Ltd. now owns 17,926 shares of the bank’s stock valued at $268,000 after acquiring an additional 4,172 shares during the period. Two Sigma Advisers LP lifted its position in shares of Civista Bancshares by 42.7% during the 1st quarter. Two Sigma Advisers LP now owns 25,400 shares of the bank’s stock valued at $380,000 after acquiring an additional 7,600 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Civista Bancshares by 12.6% during the 1st quarter. Geode Capital Management LLC now owns 223,339 shares of the bank’s stock valued at $3,341,000 after acquiring an additional 25,071 shares during the period. Hedge funds and other institutional investors own 53.51% of the company’s stock.

Shares of CIVB stock opened at $13.13 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. Civista Bancshares Inc has a twelve month low of $11.62 and a twelve month high of $24.32. The company has a market cap of $210.61 million, a P/E ratio of 7.25 and a beta of 0.97. The business has a fifty day simple moving average of $14.49 and a 200 day simple moving average of $16.64.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Friday, July 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Civista Bancshares had a return on equity of 9.16% and a net margin of 24.31%. The business had revenue of $28.93 million during the quarter, compared to analysts’ expectations of $27.55 million. As a group, equities research analysts anticipate that Civista Bancshares Inc will post 1.69 earnings per share for the current fiscal year.

CIVB has been the subject of a number of recent analyst reports. Stephens initiated coverage on Civista Bancshares in a research report on Tuesday, July 7th. They set an “overweight” rating and a $19.00 target price for the company. TheStreet downgraded Civista Bancshares from a “b-” rating to a “c” rating in a research report on Monday, April 13th. Zacks Investment Research downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded Civista Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 10th. Finally, DA Davidson assumed coverage on Civista Bancshares in a research report on Thursday, April 9th. They set a “neutral” rating and a $14.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.75.

Civista Bancshares Company 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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Want to see what other hedge funds are holding CIVB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Civista Bancshares Inc (NASDAQ:CIVB).

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

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