Segall Bryant & Hamill LLC Has $2.21 Million Stake in Civista Bancshares, Inc. (NASDAQ:CIVB)

Segall Bryant & Hamill LLC lifted its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 33.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,887 shares of the bank's stock after buying an additional 28,581 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.73% of Civista Bancshares worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CWM LLC grew its position in shares of Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank's stock worth $60,000 after buying an additional 938 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Civista Bancshares by 4,003.0% during the first quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock worth $80,000 after buying an additional 4,003 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Civista Bancshares by 103.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock worth $108,000 after buying an additional 2,609 shares in the last quarter. Deutsche Bank AG grew its position in shares of Civista Bancshares by 77.0% during the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock worth $162,000 after buying an additional 3,347 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Civista Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock worth $189,000 after buying an additional 1,960 shares in the last quarter. Institutional investors and hedge funds own 52.10% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Civista Bancshares news, Director Clyde A. Perfect, Jr. bought 2,352 shares of the stock in a transaction on Friday, July 11th. The shares were bought at an average price of $21.25 per share, with a total value of $49,980.00. Following the purchase, the director directly owned 2,352 shares in the company, valued at $49,980. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darci L. Congrove bought 1,250 shares of the stock in a transaction on Friday, July 11th. The shares were acquired at an average cost of $21.25 per share, for a total transaction of $26,562.50. Following the purchase, the director owned 1,250 shares in the company, valued at approximately $26,562.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,385 shares of company stock worth $376,741. Company insiders own 2.60% of the company's stock.

Civista Bancshares Stock Performance

Shares of NASDAQ CIVB traded down $0.13 during midday trading on Friday, reaching $21.32. 45,808 shares of the company traded hands, compared to its average volume of 52,876. Civista Bancshares, Inc. has a 52 week low of $14.90 and a 52 week high of $25.59. The stock has a 50-day moving average price of $22.79 and a 200 day moving average price of $21.29. 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 cap of $330.89 million, a price-to-earnings ratio of 9.39 and a beta of 0.69.

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

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.