Knights of Columbus Asset Advisors LLC Makes New $1.64 Million Investment in Civista Bancshares, Inc. $CIVB

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Civista Bancshares, Inc. (NASDAQ:CIVBFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 73,682 shares of the bank’s stock, valued at approximately $1,637,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Civista Bancshares by 1,092.1% during the third quarter. Wellington Management Group LLP now owns 1,474,065 shares of the bank’s stock worth $29,938,000 after purchasing an additional 1,350,409 shares during the period. Endeavour Capital Advisors Inc. bought a new stake in Civista Bancshares in the 3rd quarter valued at $11,134,000. Alliancebernstein L.P. grew its holdings in Civista Bancshares by 2,904.8% in the 3rd quarter. Alliancebernstein L.P. now owns 355,472 shares of the bank’s stock valued at $7,220,000 after buying an additional 343,642 shares in the last quarter. Royce & Associates LP acquired a new position in Civista Bancshares in the 3rd quarter valued at $5,584,000. Finally, Vanguard Group Inc. increased its position in Civista Bancshares by 19.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,021,787 shares of the bank’s stock worth $20,752,000 after buying an additional 166,049 shares during the period. Institutional investors and hedge funds own 52.10% of the company’s stock.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB opened at $25.77 on Friday. The business has a fifty day moving average price of $24.09 and a two-hundred day moving average price of $23.46. The stock has a market capitalization of $535.50 million, a PE ratio of 9.47 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. Civista Bancshares, Inc. has a fifty-two week low of $18.94 and a fifty-two week high of $28.31.

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

Civista Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, May 5th. Civista Bancshares’s payout ratio is currently 26.47%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CIVB. Zacks Research raised Civista Bancshares from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Hovde Group raised their price target on shares of Civista Bancshares from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Civista Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. DA Davidson reissued a “buy” rating and issued a $28.00 price objective on shares of Civista Bancshares in a report on Friday, January 30th. Finally, Piper Sandler increased their target price on shares of Civista Bancshares from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Civista Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $26.60.

Check Out Our Latest Research Report on Civista Bancshares

Civista Bancshares Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Civista Bancshares (NASDAQ:CIVB)

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