18,991 Shares in Civista Bancshares, Inc. $CIVB Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB) during the 1st quarter, HoldingsChannel.com reports. The fund bought 18,991 shares of the bank’s stock, valued at approximately $433,000.

A number of other hedge funds have also bought and sold shares of CIVB. Wellington Management Group LLP lifted its position in Civista Bancshares by 1,092.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,474,065 shares of the bank’s stock worth $29,938,000 after acquiring an additional 1,350,409 shares during the period. Vanguard Group Inc. lifted its stake in Civista Bancshares by 19.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,021,787 shares of the bank’s stock valued at $20,752,000 after acquiring an additional 166,049 shares during the period. Dimensional Fund Advisors LP lifted its stake in Civista Bancshares by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 910,154 shares of the bank’s stock valued at $20,224,000 after acquiring an additional 40,491 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Civista Bancshares by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 462,583 shares of the bank’s stock valued at $10,281,000 after acquiring an additional 32,146 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Civista Bancshares by 6.7% in the 4th quarter. State Street Corp now owns 411,500 shares of the bank’s stock valued at $9,144,000 after acquiring an additional 25,672 shares during the last quarter. Institutional investors and hedge funds own 52.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Civista Bancshares from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Zacks Research lowered shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Wall Street Zen lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.20.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB opened at $28.46 on Friday. The stock has a market cap of $591.40 million, a PE ratio of 10.46 and a beta of 0.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. Civista Bancshares, Inc. has a 12-month low of $18.94 and a 12-month high of $29.38. The company has a 50-day moving average of $26.09 and a 200 day moving average of $24.27.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.18. The business had revenue of $47.25 million for the quarter, compared to analyst estimates of $45.64 million. Civista Bancshares had a net margin of 19.73% and a return on equity of 10.70%. As a group, sell-side analysts predict that Civista Bancshares, Inc. will post 2.84 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Civista Bancshares’s dividend payout ratio (DPR) is currently 26.47%.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.