Victory Capital Management Inc. Purchases 2,650 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

Victory Capital Management Inc. grew its position in Civista Bancshares, Inc. (NASDAQ:CIVB) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,650 shares of the bank’s stock after buying an additional 2,650 shares during the period. Victory Capital Management Inc. owned 0.33% of Civista Bancshares worth $800,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CIVB. BNP Paribas Financial Markets boosted its holdings in shares of Civista Bancshares by 41.1% in the 4th quarter. BNP Paribas Financial Markets now owns 18,660 shares of the bank’s stock valued at $344,000 after buying an additional 5,440 shares in the last quarter. Gendell Jeffrey L bought a new stake in shares of Civista Bancshares in the 4th quarter valued at about $184,000. Wellington Management Group LLP boosted its holdings in shares of Civista Bancshares by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 605,421 shares of the bank’s stock valued at $11,164,000 after buying an additional 5,400 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Civista Bancshares in the 4th quarter valued at about $274,000. Finally, Empowered Funds LLC boosted its holdings in shares of Civista Bancshares by 8.1% in the 1st quarter. Empowered Funds LLC now owns 44,169 shares of the bank’s stock valued at $679,000 after buying an additional 3,325 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors.

Civista Bancshares Stock Down 1.8 %

CIVB stock opened at $17.79 on Friday. The firm has a 50 day moving average of $16.96 and a 200 day moving average of $15.44. The stock has a market capitalization of $279.78 million, a PE ratio of 7.64 and a beta of 0.80. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.64. Civista Bancshares, Inc. has a 52 week low of $13.60 and a 52 week high of $19.00.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $36.57 million. During the same period in the previous year, the business posted $0.64 EPS. Sell-side analysts forecast that Civista Bancshares, Inc. will post 1.76 earnings per share for the current year.

Civista Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Tuesday, August 6th. Civista Bancshares’s payout ratio is 27.47%.

Wall Street Analyst Weigh In

CIVB has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.25.

Insider Buying and Selling at Civista Bancshares

In other Civista Bancshares news, Director Julie A. Mattlin acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of $15.60 per share, for a total transaction of $31,200.00. Following the purchase, the director now owns 12,442 shares in the company, valued at approximately $194,095.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.01% of the company’s stock.

About Civista Bancshares

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.