5,732 Shares in Civista Bancshares, Inc. (NASDAQ:CIVB) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in Civista Bancshares, Inc. (NASDAQ:CIVB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,732 shares of the bank’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CIVB. AQR Capital Management LLC acquired a new stake in Civista Bancshares during the second quarter worth approximately $323,000. Allspring Global Investments Holdings LLC raised its stake in Civista Bancshares by 10,347.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock worth $197,000 after acquiring an additional 12,624 shares in the last quarter. Princeton Capital Management LLC purchased a new stake in Civista Bancshares in the second quarter valued at $189,000. BNP Paribas Financial Markets boosted its stake in Civista Bancshares by 53.3% in the first quarter. BNP Paribas Financial Markets now owns 28,613 shares of the bank’s stock valued at $440,000 after acquiring an additional 9,953 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Civista Bancshares by 1.1% in the first quarter. Vanguard Group Inc. now owns 812,806 shares of the bank’s stock valued at $12,501,000 after acquiring an additional 8,797 shares in the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Insider Activity at Civista Bancshares

In related news, Director Julie A. Mattlin purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $15.60 per share, with a total value of $31,200.00. Following the completion of the acquisition, the director now directly owns 12,442 shares in the company, valued at $194,095.20. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.01% of the stock is owned by corporate insiders.

Civista Bancshares Stock Down 1.0 %

CIVB opened at $17.84 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $280.80 million, a price-to-earnings ratio of 8.34 and a beta of 0.80. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $19.00. The business’s fifty day moving average is $17.38 and its two-hundred day moving average is $15.95.

Civista Bancshares (NASDAQ:CIVB) last released 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 analyst estimates of $36.57 million. During the same period in the prior year, the business earned $0.64 earnings per share. Analysts anticipate that Civista Bancshares, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CIVB. Piper Sandler boosted their price objective on Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.25.

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.