Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in shares of Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) by 166.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 92,687 shares of the bank's stock after purchasing an additional 57,950 shares during the quarter. Nuveen Asset Management LLC owned 0.59% of Civista Bancshares worth $1,950,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CIVB. Millennium Management LLC purchased a new position in Civista Bancshares during the fourth quarter worth approximately $1,059,000. Lazard Asset Management LLC purchased a new position in Civista Bancshares during the fourth quarter worth approximately $263,000. Jacobs Levy Equity Management Inc. purchased a new stake in Civista Bancshares in the fourth quarter valued at $651,000. Deutsche Bank AG raised its position in Civista Bancshares by 77.0% in the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock valued at $162,000 after purchasing an additional 3,347 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Civista Bancshares by 12.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 11,773 shares of the bank's stock valued at $248,000 after buying an additional 1,337 shares during the period. Institutional investors own 52.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CIVB. Keefe, Bruyette & Woods upped their target price on Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Stephens raised their price target 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. Piper Sandler lifted 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. Finally, Wall Street Zen lowered Civista Bancshares from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.20.

Civista Bancshares Trading Up 2.7%

Shares of Civista Bancshares stock traded up $0.58 during trading hours on Friday, hitting $22.34. The company's stock had a trading volume of 19,333 shares, compared to its average volume of 48,583. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $346.69 million, a PE ratio of 11.06 and a beta of 0.69. Civista Bancshares, Inc. has a 12 month low of $13.60 and a 12 month high of $24.00. The stock has a 50 day moving average of $21.43 and a 200 day moving average of $21.15.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released 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 business had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%. Analysts predict that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a $0.68 annualized dividend and a dividend yield of 3.04%. Civista Bancshares's payout ratio is 29.96%.

Insider Buying and Selling

In other Civista Bancshares news, Chairman Dennis E. Murray, Jr. purchased 6,143 shares of Civista Bancshares stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average price of $22.44 per share, for a total transaction of $137,848.92. Following the acquisition, the chairman now directly owns 19,162 shares in the company, valued at approximately $429,995.28. This trade represents a 47.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by company insiders.

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.