12,635 Shares in Civista Bancshares, Inc. (NASDAQ:CIVB) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,635 shares of the bank's stock, valued at approximately $266,000. Cubist Systematic Strategies LLC owned approximately 0.08% of Civista Bancshares as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Inspire Investing LLC lifted its stake in shares of Civista Bancshares by 1.1% in the fourth quarter. Inspire Investing LLC now owns 52,528 shares of the bank's stock worth $1,105,000 after buying an additional 554 shares in the last quarter. SG Americas Securities LLC grew its holdings in Civista Bancshares by 15.6% in the 4th quarter. SG Americas Securities LLC now owns 6,624 shares of the bank's stock valued at $139,000 after buying an additional 892 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Civista Bancshares by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock worth $189,000 after acquiring an additional 1,960 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Civista Bancshares by 5.0% during the 4th quarter. Empowered Funds LLC now owns 52,617 shares of the bank's stock worth $1,107,000 after acquiring an additional 2,482 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of Civista Bancshares by 3.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 85,140 shares of the bank's stock valued at $1,791,000 after acquiring an additional 2,482 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company's stock.

Civista Bancshares Trading Down 3.6%

Shares of Civista Bancshares stock traded down $0.84 on Wednesday, reaching $22.66. The company had a trading volume of 37,439 shares, compared to its average volume of 48,123. The firm's 50 day moving average price is $20.73 and its two-hundred day moving average price is $21.14. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares, Inc. has a 52-week low of $13.60 and a 52-week high of $24.00. The firm has a market cap of $351.66 million, a PE ratio of 11.22 and a beta of 0.69.

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

Civista Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, April 29th. Civista Bancshares's payout ratio is 29.96%.

Insiders Place Their Bets

In related news, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $22.44 per share, with a total value of $137,848.92. Following the completion of the transaction, the chairman now owns 19,162 shares of the company's stock, valued at $429,995.28. The trade was a 47.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CIVB shares. Stephens raised their price objective on shares of Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods raised their price target 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. 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. StockNews.com upgraded Civista Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Finally, DA Davidson set a $27.00 target price on Civista Bancshares in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.20.

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.