Nationwide Fund Advisors Invests $759,000 in Civista Bancshares, Inc. (CIVB)

Nationwide Fund Advisors bought a new position in Civista Bancshares, Inc. (NASDAQ:CIVB) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 34,271 shares of the bank’s stock, valued at approximately $759,000.

Other large investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in Civista Bancshares during the fourth quarter worth about $229,000. Renaissance Technologies LLC increased its stake in Civista Bancshares by 65.7% in the fourth quarter. Renaissance Technologies LLC now owns 196,000 shares of the bank’s stock worth $3,808,000 after buying an additional 77,700 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Civista Bancshares during the fourth quarter worth about $132,000. Finally, Dimensional Fund Advisors LP bought a new stake in Civista Bancshares during the fourth quarter worth about $308,000. Institutional investors own 34.84% of the company’s stock.

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

Civista Bancshares, Inc. (NASDAQ CIVB) opened at 20.27 on Tuesday. The company has a market cap of $205.92 million, a P/E ratio of 13.16 and a beta of 0.42. Civista Bancshares, Inc. has a 12-month low of $12.06 and a 12-month high of $23.75. The stock’s 50 day moving average is $20.83 and its 200-day moving average is $21.06.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, April 28th. The bank reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Civista Bancshares had a return on equity of 12.30% and a net margin of 24.39%. The business had revenue of $18.03 million for the quarter, compared to analyst estimates of $17.92 million. Analysts predict that Civista Bancshares, Inc. will post $1.32 earnings per share for the current fiscal year.

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A number of research firms have issued reports on CIVB. DA Davidson reiterated a “neutral” rating and issued a $24.50 target price on shares of Civista Bancshares in a research report on Thursday, April 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Civista Bancshares from a “buy” rating to a “strong sell” rating in a report on Thursday, March 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Civista Bancshares in a report on Friday, May 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.31.

In related news, Director David A. Voight sold 5,884 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $20.78, for a total transaction of $122,269.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis E. Murray, Jr. bought 2,000 shares of Civista Bancshares stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $21.38 per share, with a total value of $42,760.00. Following the acquisition, the director now directly owns 14,023 shares of the company’s stock, valued at approximately $299,811.74. The disclosure for this purchase can be found here. Insiders have purchased 4,650 shares of company stock valued at $95,848 in the last 90 days. 4.79% of the stock is currently owned by corporate insiders.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CIVB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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