24,408 Shares in Civista Bancshares, Inc. $CIVB Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,408 shares of the bank’s stock, valued at approximately $556,000. Segall Bryant & Hamill LLC owned 0.12% of Civista Bancshares at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CIVB. NewEdge Advisors LLC raised its holdings in shares of Civista Bancshares by 57.5% in the 4th quarter. NewEdge Advisors LLC now owns 1,317 shares of the bank’s stock worth $29,000 after purchasing an additional 481 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Civista Bancshares by 5.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,832 shares of the bank’s stock worth $179,000 after purchasing an additional 485 shares during the period. Barclays PLC increased its position in Civista Bancshares by 0.9% during the 3rd quarter. Barclays PLC now owns 54,603 shares of the bank’s stock worth $1,109,000 after purchasing an additional 498 shares in the last quarter. CWM LLC raised its holdings in Civista Bancshares by 12.1% in the fourth quarter. CWM LLC now owns 8,249 shares of the bank’s stock valued at $183,000 after buying an additional 893 shares during the period. Finally, Vista Investment Management raised its holdings in Civista Bancshares by 5.3% in the fourth quarter. Vista Investment Management now owns 18,183 shares of the bank’s stock valued at $404,000 after buying an additional 915 shares during the period. 52.10% of the stock is currently owned by institutional investors and hedge funds.

Civista Bancshares Stock Performance

Civista Bancshares stock opened at $28.67 on Friday. Civista Bancshares, Inc. has a 52 week low of $19.01 and a 52 week high of $29.97. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The stock has a market cap of $595.76 million, a P/E ratio of 10.62 and a beta of 0.66. The stock has a 50 day moving average of $27.73 and a 200-day moving average of $25.22.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $47.60 million for the quarter, compared to analysts’ expectations of $48.08 million. Civista Bancshares had a net margin of 20.79% and a return on equity of 10.82%. On average, analysts expect that Civista Bancshares, Inc. will post 2.83 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 4th. This represents a $0.72 annualized dividend and a yield of 2.5%. Civista Bancshares’s dividend payout ratio is presently 26.67%.

Analysts Set New Price Targets

CIVB has been the topic of a number of recent research reports. DA Davidson boosted their price objective on Civista Bancshares from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $31.00 price target (up from $29.00) on shares of Civista Bancshares in a research report on Friday, July 24th. Zacks Research downgraded shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Civista Bancshares in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.