Goldman Sachs Group Inc. Has $1.18 Million Stake in Civista Bancshares, Inc. $CIVB

Goldman Sachs Group Inc. decreased its holdings in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) by 47.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,136 shares of the bank’s stock after selling 54,338 shares during the quarter. Goldman Sachs Group Inc. owned 0.39% of Civista Bancshares worth $1,175,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its stake in Civista Bancshares by 166.8% during the fourth quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank’s stock worth $1,950,000 after acquiring an additional 57,950 shares in the last quarter. American Century Companies Inc. raised its stake in Civista Bancshares by 13.8% during the first quarter. American Century Companies Inc. now owns 217,777 shares of the bank’s stock worth $4,255,000 after acquiring an additional 26,461 shares in the last quarter. Man Group plc acquired a new position in Civista Bancshares during the fourth quarter worth about $282,000. Ameriprise Financial Inc. raised its stake in Civista Bancshares by 23.3% during the fourth quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank’s stock worth $776,000 after acquiring an additional 6,968 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Civista Bancshares by 28.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 148,560 shares of the bank’s stock worth $2,903,000 after acquiring an additional 32,760 shares in the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Insider Transactions at Civista Bancshares

In other news, SVP Richard J. Dutton bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were bought at an average cost of $21.25 per share, for a total transaction of $85,000.00. Following the acquisition, the senior vice president directly owned 4,000 shares in the company, valued at approximately $85,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nathan E. Weaks bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average price of $19.88 per share, for a total transaction of $39,760.00. Following the completion of the acquisition, the director owned 8,283 shares in the company, valued at $164,666.04. This represents a 31.83% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 14,742 shares of company stock valued at $307,978 in the last 90 days. 2.60% of the stock is currently owned by company insiders.

Civista Bancshares Price Performance

Civista Bancshares stock opened at $20.79 on Monday. The stock has a market capitalization of $401.45 million, a price-to-earnings ratio of 8.22 and a beta of 0.76. Civista Bancshares, Inc. has a 52-week low of $16.89 and a 52-week high of $25.59. The stock’s 50 day moving average price is $20.58 and its two-hundred day moving average price is $21.19. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 0.99.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The business had revenue of $41.40 million for the quarter, compared to the consensus estimate of $43.07 million. Civista Bancshares had a return on equity of 9.77% and a net margin of 15.83%. On average, equities analysts predict that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 5th. Civista Bancshares’s dividend payout ratio (DPR) is currently 26.88%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Hovde Group downgraded Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research note on Monday, August 18th. Stephens lowered their price objective on Civista Bancshares from $27.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 29th. Finally, DA Davidson set a $26.00 price objective on Civista Bancshares and gave the company a “buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.80.

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.