Log Out

Martingale Asset Management L P Purchases Shares of 10,915 Civista Bancshares, Inc. (NASDAQ:CIVB)

Defense World · Sep 7, 2022 06:11

Martingale Asset Management L P purchased a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB – Get Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,915 shares of the bank's stock, valued at approximately $264,000. Martingale Asset Management L P owned 0.07% of Civista Bancshares as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CIVB. Dimensional Fund Advisors LP increased its position in Civista Bancshares by 1.4% in the 4th 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 period. BNP Paribas Arbitrage SA increased its position in Civista Bancshares by 61.4% in the 4th 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 period. Acadian Asset Management LLC increased its position in Civista Bancshares by 97.6% in the 4th 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 period. PEAK6 Investments LLC acquired a new stake in shares of Civista Bancshares during the fourth quarter worth $652,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Civista Bancshares during the first quarter worth $406,000. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Get Civista Bancshares alerts:

Insider Buying and Selling

In related news, Director Harry Singer bought 1,900 shares of the business's stock in a transaction that occurred on Friday, June 17th. The shares were acquired at an average cost of $20.90 per share, with a total value of $39,710.00. Following the completion of the purchase, the director now directly owns 8,556 shares in the company, valued at $178,820.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. DA Davidson reiterated a "buy" rating on shares of Civista Bancshares in a research report on Wednesday, July 27th. StockNews.com cut shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research report on Thursday, May 26th. Stephens increased their price objective on shares of Civista Bancshares to $27.00 in a research report on Tuesday, August 23rd. Finally, Hovde Group cut shares of Civista Bancshares from an "outperform" rating to a "market perform" rating and set a $25.00 price objective for the company. in a research report on Friday, July 29th.

Civista Bancshares Stock Down 1.3 %

Shares of NASDAQ CIVB opened at $20.93 on Wednesday. The firm has a market cap of $322.72 million, a PE ratio of 8.47 and a beta of 0.83. Civista Bancshares, Inc. has a 12-month low of $20.10 and a 12-month high of $25.94. The company's fifty day simple moving average is $21.72 and its 200 day simple moving average is $22.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.59.

Civista Bancshares (NASDAQ:CIVB – Get Rating) last issued its earnings results on Thursday, July 28th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $29.90 million for the quarter, compared to analyst estimates of $30.90 million. Civista Bancshares had a net margin of 28.80% and a return on equity of 11.04%. During the same period in the prior year, the firm earned $0.59 earnings per share. As a group, sell-side analysts forecast that Civista Bancshares, Inc. will post 2.39 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Monday, August 8th. Civista Bancshares's dividend payout ratio is presently 22.67%.

Civista Bancshares Profile

(Get Rating)

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.