Russell Investments Group Ltd. Boosts Holdings in Civista Bancshares, Inc. (NASDAQ:CIVB)

Russell Investments Group Ltd. boosted its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVBGet Rating) by 20.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,279 shares of the bank’s stock after buying an additional 21,642 shares during the quarter. Russell Investments Group Ltd. owned 0.85% of Civista Bancshares worth $3,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Civista Bancshares by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 574,238 shares of the bank’s stock worth $14,011,000 after buying an additional 7,691 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of Civista Bancshares by 3.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 251,938 shares of the bank’s stock valued at $6,147,000 after purchasing an additional 7,846 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at $768,000. PEAK6 Investments LLC purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at $652,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Civista Bancshares during the fourth quarter valued at $565,000. 53.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Harry Singer acquired 1,900 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were purchased at an average price of $20.90 per share, for a total transaction of $39,710.00. Following the completion of the acquisition, the director now directly owns 8,556 shares in the company, valued at approximately $178,820.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.05% of the company’s stock.

Civista Bancshares Stock Performance

Shares of Civista Bancshares stock opened at $22.43 on Friday. The company has a market capitalization of $345.87 million, a PE ratio of 9.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.90 and a current ratio of 0.91. The company has a 50-day simple moving average of $21.46 and a two-hundred day simple moving average of $22.50. Civista Bancshares, Inc. has a one year low of $20.10 and a one year high of $25.94.

Civista Bancshares (NASDAQ:CIVBGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Civista Bancshares had a net margin of 28.80% and a return on equity of 11.04%. The firm had revenue of $29.90 million for the quarter, compared to the consensus estimate of $30.90 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Research analysts expect that Civista Bancshares, Inc. will post 2.36 EPS for the current fiscal year.

Civista Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Tuesday, August 9th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.56 annualized dividend and a dividend yield of 2.50%. Civista Bancshares’s dividend payout ratio (DPR) is currently 22.67%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CIVB. downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. DA Davidson reiterated a “buy” rating on shares of Civista Bancshares in a report on Wednesday, July 27th. Finally, Hovde Group downgraded shares of Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $25.00 target price for the company. in a report on Friday, July 29th.

Civista Bancshares Profile

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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.

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