13,382 Shares in Civista Bancshares, Inc. (NASDAQ:CIVB) Bought by Man Group plc

Man Group plc acquired a new stake in Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,382 shares of the bank's stock, valued at approximately $282,000. Man Group plc owned 0.09% of Civista Bancshares at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its stake in Civista Bancshares by 15.6% in the fourth quarter. SG Americas Securities LLC now owns 6,624 shares of the bank's stock valued at $139,000 after acquiring an additional 892 shares during the period. Deutsche Bank AG boosted 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 during the period. Wells Fargo & Company MN boosted 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 during the period. First Trust Advisors LP acquired a new position in shares of Civista Bancshares during the fourth quarter worth approximately $202,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Civista Bancshares by 12.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 11,773 shares of the bank's stock worth $248,000 after buying an additional 1,337 shares during the period. 52.10% of the stock is owned by hedge funds and other institutional investors.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB traded up $0.15 during trading on Thursday, hitting $23.08. The company had a trading volume of 42,573 shares, compared to its average volume of 48,548. The company has a market cap of $358.18 million, a P/E ratio of 11.43 and a beta of 0.69. Civista Bancshares, Inc. has a 52 week low of $13.60 and a 52 week high of $24.00. The business's 50-day moving average is $21.07 and its 200 day moving average is $21.18. 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 (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.16. The company had revenue of $40.63 million for the quarter, compared to analysts' expectations of $40.33 million. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. Equities research analysts predict that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th were issued a $0.17 dividend. The ex-dividend date was Tuesday, April 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.95%. Civista Bancshares's dividend payout ratio is currently 29.96%.

Insider Buying and Selling at Civista Bancshares

In other news, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the business's stock in a transaction on 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 now directly owns 19,162 shares in the company, valued at $429,995.28. This trade represents a 47.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CIVB has been the subject of several analyst reports. Stephens boosted their price objective on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. DA Davidson set a $27.00 target price on Civista Bancshares in a research report on Friday, January 31st. Piper Sandler upped their target price on Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods upped their target price on Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Civista Bancshares from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Two 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, Civista Bancshares presently has an average rating of "Moderate Buy" and a consensus price target of $25.20.

About Civista Bancshares

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.