Dimensional Fund Advisors LP Grows Stock Position in Civista Bancshares, Inc. $CIVB

Dimensional Fund Advisors LP increased its stake in Civista Bancshares, Inc. (NASDAQ:CIVB) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 950,330 shares of the bank’s stock after acquiring an additional 40,176 shares during the period. Dimensional Fund Advisors LP owned about 3.85% of Civista Bancshares worth $21,658,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP grew 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 last quarter. Vanguard Group Inc. lifted its position in Civista Bancshares by 19.4% in the third quarter. Vanguard Group Inc. now owns 1,021,787 shares of the bank’s stock valued at $20,752,000 after purchasing an additional 166,049 shares during the last quarter. Geode Capital Management LLC lifted its position in Civista Bancshares by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 462,583 shares of the bank’s stock valued at $10,281,000 after purchasing an additional 32,146 shares during the last quarter. State Street Corp lifted its position in Civista Bancshares by 6.7% in the fourth quarter. State Street Corp now owns 411,500 shares of the bank’s stock valued at $9,144,000 after purchasing an additional 25,672 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Civista Bancshares by 42.9% during the fourth quarter. Royce & Associates LP now owns 392,952 shares of the bank’s stock valued at $8,731,000 after purchasing an additional 117,994 shares during the period. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

Civista Bancshares Trading Down 0.6%

CIVB opened at $28.67 on Friday. Civista Bancshares, Inc. has a one year low of $19.01 and a one year high of $29.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day simple moving average of $27.73 and a two-hundred day simple moving average of $25.22. The firm has a market capitalization of $595.76 million, a price-to-earnings ratio of 10.62 and a beta of 0.66.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $47.60 million for the quarter, compared to analyst estimates of $48.08 million. Civista Bancshares had a return on equity of 10.82% and a net margin of 20.79%. Analysts predict that Civista Bancshares, Inc. will post 2.83 EPS for the current year.

Civista Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 4th. Civista Bancshares’s payout ratio is presently 26.67%.

Wall Street Analysts Forecast Growth

CIVB has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Civista Bancshares from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $31.00 price target (up from $29.00) on shares of Civista Bancshares in a report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Civista Bancshares in a research report on Wednesday, July 8th. DA Davidson raised their price target on shares of Civista Bancshares from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Zacks Research cut shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.25.

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.