Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 833,047 shares of the bank's stock after buying an additional 23,809 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.29% of Civista Bancshares worth $17,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its stake in Civista Bancshares by 210.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after purchasing an additional 101,610 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Civista Bancshares in the 4th quarter worth approximately $1,774,000. American Century Companies Inc. lifted its stake in Civista Bancshares by 55.0% in the 4th quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock worth $4,025,000 after purchasing an additional 67,889 shares in the last quarter. Prudential Financial Inc. lifted its stake in Civista Bancshares by 271.7% in the 4th quarter. Prudential Financial Inc. now owns 53,355 shares of the bank's stock worth $1,123,000 after purchasing an additional 39,000 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Civista Bancshares by 120.7% in the 4th quarter. JPMorgan Chase & Co. now owns 56,144 shares of the bank's stock worth $1,181,000 after purchasing an additional 30,706 shares in the last quarter. 52.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CIVB shares. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. DA Davidson set a $27.00 price target on shares of Civista Bancshares in a research report on Friday, January 31st. 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 report on Monday, April 28th. Keefe, Bruyette & Woods lifted their price target on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Stephens lifted their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.20.

Civista Bancshares Trading Up 3.9%

Civista Bancshares stock traded up $0.88 during trading on Monday, hitting $23.41. The company had a trading volume of 25,839 shares, compared to its average volume of 42,744. Civista Bancshares, Inc. has a 1-year low of $13.60 and a 1-year high of $23.69. 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 company's 50 day simple moving average is $20.17 and its 200-day simple moving average is $20.96. The stock has a market cap of $363.22 million, a price-to-earnings ratio of 11.59 and a beta of 0.69.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.16. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%. The firm had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. As a group, analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $0.68 annualized dividend and a yield of 2.91%. Civista Bancshares's dividend payout ratio (DPR) is presently 29.96%.

Insider Activity at Civista Bancshares

In other Civista Bancshares news, Chairman Dennis E. Murray, Jr. purchased 6,143 shares of the company's stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $22.44 per share, for a total transaction of $137,848.92. Following the completion of the purchase, the chairman now directly owns 19,162 shares in the company, valued at approximately $429,995.28. The trade was a 47.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

Civista Bancshares 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.