Ameriprise Financial Inc. Has $776,000 Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

Ameriprise Financial Inc. boosted its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,861 shares of the bank’s stock after acquiring an additional 6,968 shares during the period. Ameriprise Financial Inc. owned approximately 0.23% of Civista Bancshares worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Civista Bancshares by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 857,968 shares of the bank’s stock worth $18,052,000 after purchasing an additional 12,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Civista Bancshares by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 833,047 shares of the bank’s stock worth $17,527,000 after purchasing an additional 23,809 shares during the period. Geode Capital Management LLC raised its stake in shares of Civista Bancshares by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 351,624 shares of the bank’s stock valued at $7,399,000 after purchasing an additional 3,272 shares during the period. Mendon Capital Advisors Corp lifted its holdings in shares of Civista Bancshares by 12.2% in the fourth quarter. Mendon Capital Advisors Corp now owns 242,450 shares of the bank’s stock valued at $5,101,000 after purchasing an additional 26,270 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Civista Bancshares by 55.0% during the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank’s stock worth $4,025,000 after buying an additional 67,889 shares during the period. 52.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CIVB has been the topic of several research reports. Stephens boosted their target price on Civista Bancshares from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Piper Sandler lifted their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.20.

Insider Activity

In other news, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the firm’s stock in a transaction dated Tuesday, April 29th. The shares were bought at an average price of $22.44 per share, with a total value of $137,848.92. Following the completion of the transaction, the chairman now owns 19,162 shares of the company’s stock, valued at $429,995.28. This trade represents a 47.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company’s stock.

Civista Bancshares Trading Down 3.1%

NASDAQ CIVB opened at $21.85 on Tuesday. Civista Bancshares, Inc. has a 12 month low of $13.60 and a 12 month high of $24.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock has a 50 day moving average of $21.24 and a 200-day moving average of $21.15. The company has a market cap of $339.09 million, a PE ratio of 10.82 and a beta of 0.69.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.16. The company 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%. On average, equities research analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 29th. This represents a $0.68 annualized dividend and a yield of 3.11%. Civista Bancshares’s dividend payout ratio is 29.96%.

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.