SG Americas Securities LLC Purchases 1,736 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB)

SG Americas Securities LLC lifted its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 25.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,458 shares of the bank’s stock after acquiring an additional 1,736 shares during the quarter. SG Americas Securities LLC’s holdings in Civista Bancshares were worth $156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CIVB. BlackRock Inc. grew its stake in shares of Civista Bancshares by 7.6% during the 2nd quarter. BlackRock Inc. now owns 1,167,078 shares of the bank’s stock worth $20,307,000 after acquiring an additional 82,776 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Civista Bancshares by 8.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 576,602 shares of the bank’s stock worth $13,896,000 after acquiring an additional 46,686 shares during the period. Wellington Management Group LLP grew its stake in shares of Civista Bancshares by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 509,159 shares of the bank’s stock worth $12,271,000 after acquiring an additional 41,700 shares during the period. Nicholas Hoffman & Company LLC. bought a new position in shares of Civista Bancshares during the 3rd quarter worth $643,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Civista Bancshares by 342.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 47,820 shares of the bank’s stock worth $1,017,000 after acquiring an additional 37,023 shares during the period. Institutional investors own 52.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CIVB shares. Stephens cut their price target on Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Friday, February 9th. TheStreet cut Civista Bancshares from a “b-” rating to a “c+” rating in a report on Thursday, March 7th. Piper Sandler assumed coverage on Civista Bancshares in a report on Wednesday, February 21st. They set a “neutral” rating and a $18.00 price objective on the stock. Finally, Hovde Group assumed coverage on Civista Bancshares in a report on Monday, April 1st. They set a “market perform” rating and a $16.00 price objective on the stock. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, Civista Bancshares currently has an average rating of “Hold” and a consensus price target of $17.67.

Civista Bancshares Stock Performance

Shares of CIVB opened at $14.56 on Tuesday. The stock’s 50-day simple moving average is $15.08 and its 200 day simple moving average is $15.96. The stock has a market capitalization of $228.45 million, a price-to-earnings ratio of 5.31 and a beta of 0.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. Civista Bancshares, Inc. has a 52-week low of $14.02 and a 52-week high of $19.80.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Thursday, February 8th. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.06. Civista Bancshares had a return on equity of 12.26% and a net margin of 19.85%. The firm had revenue of $38.88 million for the quarter, compared to analysts’ expectations of $38.40 million. Research analysts forecast that Civista Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 13th were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.64 annualized dividend and a dividend yield of 4.40%. Civista Bancshares’s payout ratio is currently 23.36%.

Insider Buying and Selling at Civista Bancshares

In other Civista Bancshares news, SVP Michael D. Mulford purchased 2,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were purchased at an average price of $15.82 per share, with a total value of $31,640.00. Following the acquisition, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $31,640. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.01% of the company’s stock.

Civista Bancshares 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.