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Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Bought by BHZ Capital Management LP

Financial News Live · Aug 19, 2022 12:31

BHZ Capital Management LP raised its position in Civista Bancshares, Inc. (NASDAQ:CIVB – Get Rating) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 74,371 shares of the bank's stock after purchasing an additional 1,468 shares during the period. BHZ Capital Management LP owned about 0.50% of Civista Bancshares worth $1,792,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Boston Partners grew its holdings in Civista Bancshares by 6.7% in the first quarter. Boston Partners now owns 23,460 shares of the bank's stock valued at $565,000 after purchasing an additional 1,466 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Civista Bancshares by 61.4% during the fourth quarter. BNP Paribas Arbitrage SA now owns 6,386 shares of the bank's stock valued at $156,000 after acquiring an additional 2,429 shares during the last quarter. Cassady Schiller Wealth Management LLC acquired a new stake in shares of Civista Bancshares during the fourth quarter valued at $70,000. Acadian Asset Management LLC boosted its stake in shares of Civista Bancshares by 97.6% during the fourth quarter. Acadian Asset Management LLC now owns 15,030 shares of the bank's stock valued at $365,000 after acquiring an additional 7,425 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Civista Bancshares by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 574,238 shares of the bank's stock valued at $14,011,000 after acquiring an additional 7,691 shares during the last quarter. Institutional investors and hedge funds own 53.04% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently commented on CIVB. Hovde Group lowered Civista Bancshares from an "outperform" rating to a "market perform" rating and set a $25.00 price objective on the stock. in a research note on Friday, July 29th. DA Davidson reissued a "buy" rating on shares of Civista Bancshares in a research note on Wednesday, July 27th. Finally, StockNews.com lowered Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Thursday, May 26th.

Civista Bancshares Trading Up 0.7 %

NASDAQ:CIVB traded up $0.15 during mid-day trading on Friday, reaching $22.48. The company's stock had a trading volume of 20,976 shares, compared to its average volume of 28,152. The company's fifty day simple moving average is $21.58 and its two-hundred day simple moving average is $22.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. Civista Bancshares, Inc. has a twelve month low of $20.10 and a twelve month high of $25.94. The stock has a market cap of $346.64 million, a P/E ratio of 9.10 and a beta of 0.84.

Civista Bancshares (NASDAQ:CIVB – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The bank reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The company had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.90 million. Civista Bancshares had a return on equity of 11.04% and a net margin of 28.80%. During the same period last year, the business posted $0.59 EPS. On average, equities analysts predict that Civista Bancshares, Inc. will post 2.39 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, August 8th. This represents a $0.56 annualized dividend and a dividend yield of 2.49%. Civista Bancshares's payout ratio is currently 22.67%.

Insider Activity at Civista Bancshares

In related news, Director Harry Singer bought 1,900 shares of the company's stock in a transaction that occurred on Friday, June 17th. The shares were acquired at an average cost of $20.90 per share, for a total transaction of $39,710.00. Following the acquisition, the director now owns 8,556 shares in the company, valued at approximately $178,820.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.05% of the company's stock.

Civista Bancshares Company Profile

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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.