SG Americas Securities LLC Purchases Shares of 5,732 Civista Bancshares, Inc. (NASDAQ:CIVB)

SG Americas Securities LLC acquired a new position in Civista Bancshares, Inc. (NASDAQ:CIVB) during the third quarter, HoldingsChannel reports. The firm acquired 5,732 shares of the bank’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of Civista Bancshares by 8.1% during the 1st quarter. Empowered Funds LLC now owns 44,169 shares of the bank’s stock valued at $679,000 after acquiring an additional 3,325 shares in the last quarter. Vanguard Group Inc. raised its position in Civista Bancshares by 1.1% in the first quarter. Vanguard Group Inc. now owns 812,806 shares of the bank’s stock valued at $12,501,000 after purchasing an additional 8,797 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Civista Bancshares by 30.9% during the second quarter. Hsbc Holdings PLC now owns 21,127 shares of the bank’s stock worth $318,000 after purchasing an additional 4,985 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Civista Bancshares by 53.3% in the first quarter. BNP Paribas Financial Markets now owns 28,613 shares of the bank’s stock worth $440,000 after buying an additional 9,953 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Civista Bancshares by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 118,232 shares of the bank’s stock worth $1,831,000 after buying an additional 4,284 shares during the period. 52.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Civista Bancshares

In other Civista Bancshares news, Director Julie A. Mattlin bought 2,000 shares of Civista Bancshares stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $15.60 per share, for a total transaction of $31,200.00. Following the completion of the acquisition, the director now owns 12,442 shares of the company’s stock, valued at approximately $194,095.20. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CIVB. Piper Sandler boosted their target price on shares of Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $19.00 price objective (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Civista Bancshares currently has a consensus rating of “Hold” and a consensus price target of $18.25.

Civista Bancshares Stock Down 1.0 %

CIVB stock opened at $17.84 on Monday. The firm has a market cap of $280.80 million, a price-to-earnings ratio of 8.34 and a beta of 0.80. Civista Bancshares, Inc. has a 1-year low of $13.60 and a 1-year high of $19.00. The firm has a fifty day moving average price of $17.38 and a two-hundred day moving average price of $15.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.01 and a quick ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Monday, July 29th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.24%. The firm had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $36.57 million. During the same quarter in the prior year, the firm earned $0.64 EPS. Research analysts predict that Civista Bancshares, Inc. will post 1.76 EPS for the current year.

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.