18,026 Shares in Civista Bancshares, Inc. (NASDAQ:CIVB) Acquired by Bailard Inc.

Bailard Inc. bought a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,026 shares of the bank's stock, valued at approximately $352,000. Bailard Inc. owned about 0.12% of Civista Bancshares as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CIVB. Segall Bryant & Hamill LLC increased its holdings in Civista Bancshares by 33.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 112,887 shares of the bank's stock valued at $2,206,000 after purchasing an additional 28,581 shares during the period. CWM LLC raised its holdings in shares of Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after acquiring an additional 938 shares in the last quarter. GAMMA Investing LLC lifted its stake in Civista Bancshares by 4,003.0% in the first quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock worth $80,000 after acquiring an additional 4,003 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Civista Bancshares by 103.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock worth $108,000 after acquiring an additional 2,609 shares during the period. Finally, Man Group plc bought a new stake in Civista Bancshares in the fourth quarter valued at $282,000. Hedge funds and other institutional investors own 52.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CIVB. Stephens raised their price objective on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods increased their target price on Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Piper Sandler upped their price target on Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, April 28th. DA Davidson set a $26.00 price target on shares of Civista Bancshares and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Wall Street Zen lowered shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

Civista Bancshares Price Performance

Civista Bancshares stock traded up $0.14 during midday trading on Wednesday, reaching $21.40. The company had a trading volume of 53,182 shares, compared to its average volume of 53,019. Civista Bancshares, Inc. has a 12-month low of $14.90 and a 12-month high of $25.59. The firm's fifty day simple moving average is $22.68 and its 200-day simple moving average is $21.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $332.13 million, a P/E ratio of 9.43 and a beta of 0.69.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.16. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. The firm had revenue of $40.63 million during the quarter, compared to analysts' expectations of $40.33 million. As a group, equities analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Investors of record on Tuesday, August 5th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.18%. Civista Bancshares's payout ratio is 29.96%.

Insider Activity

In related news, Director Darci L. Congrove acquired 1,250 shares of Civista Bancshares stock in a transaction on Friday, July 11th. The stock was purchased at an average cost of $21.25 per share, with a total value of $26,562.50. Following the purchase, the director directly owned 1,250 shares in the company, valued at approximately $26,562.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard J. Dutton purchased 4,000 shares of the business's stock in a transaction dated Friday, July 11th. The shares were bought at an average price of $21.25 per share, with a total value of $85,000.00. Following the purchase, the senior vice president directly owned 4,000 shares of the company's stock, valued at approximately $85,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,385 shares of company stock worth $376,741. Insiders own 2.60% of the company's stock.

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.