Segall Bryant & Hamill LLC Increases Stock Position in Civista Bancshares, Inc. (NASDAQ:CIVB)

Segall Bryant & Hamill LLC increased its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 33.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 112,887 shares of the bank's stock after buying an additional 28,581 shares during the period. Segall Bryant & Hamill LLC owned 0.73% of Civista Bancshares worth $2,206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its holdings in Civista Bancshares by 43.7% in the 1st quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after purchasing an additional 938 shares during the period. GAMMA Investing LLC boosted its holdings in Civista Bancshares by 4,003.0% in the 1st quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock valued at $80,000 after purchasing an additional 4,003 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Civista Bancshares by 103.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock valued at $108,000 after purchasing an additional 2,609 shares during the period. Man Group plc bought a new stake in Civista Bancshares in the 4th quarter valued at about $282,000. Finally, Nuveen Asset Management LLC boosted its holdings in Civista Bancshares by 166.8% in the 4th quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank's stock valued at $1,950,000 after purchasing an additional 57,950 shares during the period. Institutional investors own 52.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Piper Sandler boosted their price objective on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Wall Street Zen downgraded shares of Civista Bancshares from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. DA Davidson cut their price target on shares of Civista Bancshares from $27.00 to $26.00 and set a "buy" rating for the company in a report on Monday, July 14th. Finally, Stephens upped their price target 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Civista Bancshares has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Insider Buying and Selling at Civista Bancshares

In other news, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of Civista Bancshares stock in a transaction dated Tuesday, April 29th. The shares were bought at an average cost of $22.44 per share, with a total value of $137,848.92. Following the purchase, the chairman owned 19,162 shares in the company, valued at $429,995.28. This trade represents a 47.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Richard J. Dutton acquired 4,000 shares of Civista Bancshares stock in a transaction dated Friday, July 11th. The stock was purchased at an average cost of $21.25 per share, for a total transaction of $85,000.00. Following the completion of the purchase, the senior vice president owned 4,000 shares in the company, valued at approximately $85,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 17,385 shares of company stock valued at $376,741. Insiders own 2.60% of the company's stock.

Civista Bancshares Price Performance

CIVB stock traded down $0.01 during trading on Tuesday, reaching $21.26. 62,599 shares of the company were exchanged, compared to its average volume of 52,996. The company has a 50-day moving average of $22.79 and a two-hundred day moving average of $21.29. The company has a market capitalization of $329.96 million, a price-to-earnings ratio of 9.37 and a beta of 0.69. Civista Bancshares, Inc. has a twelve month low of $14.90 and a twelve month high of $25.59. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.97.

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 analysts' consensus estimates of $0.50 by $0.16. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. The business had revenue of $40.63 million during the quarter, compared to analysts' expectations of $40.33 million. As a group, equities analysts predict that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

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.