Victory Capital Management Inc. lessened its position in shares of Civista Bancshares, Inc. (NASDAQ:CIVB – Free Report) by 12.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,588 shares of the bank’s stock after selling 6,097 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of Civista Bancshares worth $776,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CIVB. Acadian Asset Management LLC boosted its holdings in shares of Civista Bancshares by 33.1% during the first quarter. Acadian Asset Management LLC now owns 20,005 shares of the bank’s stock worth $480,000 after acquiring an additional 4,975 shares during the period. MetLife Investment Management LLC raised its position in shares of Civista Bancshares by 58.3% in the first quarter. MetLife Investment Management LLC now owns 8,279 shares of the bank’s stock valued at $200,000 after buying an additional 3,049 shares in the last quarter. LSV Asset Management raised its position in shares of Civista Bancshares by 4.6% in the first quarter. LSV Asset Management now owns 138,429 shares of the bank’s stock valued at $3,336,000 after buying an additional 6,097 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Civista Bancshares by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 600,664 shares of the bank’s stock valued at $14,476,000 after buying an additional 26,426 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Civista Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 680,374 shares of the bank’s stock valued at $16,397,000 after buying an additional 4,800 shares in the last quarter. Institutional investors own 50.16% of the company’s stock.
Civista Bancshares Stock Down 0.4 %
Shares of NASDAQ:CIVB opened at $14.52 on Thursday. The company has a fifty day moving average of $15.94 and a 200-day moving average of $16.44. The company has a market capitalization of $228.68 million, a PE ratio of 5.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.89 and a current ratio of 0.89. Civista Bancshares, Inc. has a 52-week low of $14.02 and a 52-week high of $24.28.
Civista Bancshares Announces Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $22.00 price target on shares of Civista Bancshares in a research report on Tuesday, August 1st. StockNews.com started coverage on shares of Civista Bancshares in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, TheStreet upgraded shares of Civista Bancshares from a “c+” rating to a “b-” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Civista Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.
Get Our Latest Stock Report on CIVB
About Civista Bancshares
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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