Wells Fargo & Company MN Has $189,000 Stake in Civista Bancshares, Inc. (NASDAQ:CIVB)

Wells Fargo & Company MN grew its holdings in Civista Bancshares, Inc. (NASDAQ:CIVB) by 27.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,999 shares of the bank’s stock after purchasing an additional 1,960 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Civista Bancshares worth $189,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in Civista Bancshares by 15.6% during the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank’s stock worth $139,000 after buying an additional 892 shares in the last quarter. Summit Global Investments acquired a new position in shares of Civista Bancshares during the fourth quarter worth approximately $272,000. Jane Street Group LLC grew its stake in shares of Civista Bancshares by 24.2% during the third quarter. Jane Street Group LLC now owns 20,215 shares of the bank’s stock valued at $360,000 after purchasing an additional 3,934 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Civista Bancshares by 90.1% in the third quarter. JPMorgan Chase & Co. now owns 25,438 shares of the bank’s stock valued at $453,000 after purchasing an additional 12,059 shares in the last quarter. Finally, Park National Corp OH raised its position in Civista Bancshares by 8.6% in the 4th quarter. Park National Corp OH now owns 25,275 shares of the bank’s stock worth $532,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 52.10% of the company’s stock.

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $22.86 on Friday. The stock has a market cap of $353.85 million, a PE ratio of 11.32 and a beta of 0.69. The stock has a 50-day moving average of $20.12 and a 200-day moving average of $20.89. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $23.70.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Thursday, April 24th. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.50 by $0.16. The firm had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. As a group, sell-side analysts expect that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $0.68 annualized dividend and a yield of 2.97%. Civista Bancshares’s dividend payout ratio is presently 29.96%.

Analyst Ratings Changes

CIVB has been the subject of several research reports. Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. StockNews.com raised Civista Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. DA Davidson set a $27.00 target price on shares of Civista Bancshares in a research note on Friday, January 31st. Piper Sandler boosted their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Monday, April 28th. Finally, Stephens raised their price objective on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.20.

Insiders Place Their Bets

In other Civista Bancshares news, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $22.44 per share, for a total transaction of $137,848.92. Following the acquisition, the chairman now directly owns 19,162 shares of the company’s stock, valued at approximately $429,995.28. This trade represents a 47.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.60% 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.