Civista Bancshares, Inc. (NASDAQ:CIVB) CEO Acquires $21,250.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVB) CEO Dennis G. Shaffer bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The shares were bought at an average price of $21.25 per share, for a total transaction of $21,250.00. Following the completion of the acquisition, the chief executive officer owned 1,000 shares in the company, valued at approximately $21,250. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Civista Bancshares Trading Down 0.6%

Shares of CIVB stock opened at $21.45 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.97 and a current ratio of 0.97. Civista Bancshares, Inc. has a 1 year low of $14.90 and a 1 year high of $25.59. The stock has a fifty day moving average of $22.82 and a two-hundred day moving average of $21.28. The firm has a market capitalization of $332.90 million, a PE ratio of 9.45 and a beta of 0.69.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.16. Civista Bancshares had a return on equity of 9.13% and a net margin of 14.35%. The company had revenue of $40.63 million during the quarter, compared to analyst estimates of $40.33 million. As a group, research analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CIVB. Stephens raised their target price on Civista Bancshares from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, April 25th. Keefe, Bruyette & Woods raised their target price on Civista Bancshares from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, April 25th. DA Davidson set a $26.00 price objective on Civista Bancshares and gave the stock a “buy” rating in a report on Monday. Wall Street Zen lowered Civista Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, June 28th. Finally, Piper Sandler boosted their price objective on Civista Bancshares from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Civista Bancshares currently has an average rating of “Moderate Buy” and an average price target of $25.00.

Institutional Trading of Civista Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen Asset Management LLC raised its stake in shares of Civista Bancshares by 166.8% in the 4th quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank’s stock worth $1,950,000 after buying an additional 57,950 shares in the last quarter. Man Group plc acquired a new position in Civista Bancshares during the fourth quarter valued at $282,000. Lazard Asset Management LLC acquired a new position in Civista Bancshares during the fourth quarter valued at $263,000. Arrowstreet Capital Limited Partnership raised its position in Civista Bancshares by 210.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank’s stock valued at $3,152,000 after buying an additional 101,610 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Civista Bancshares by 23.3% during the fourth quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank’s stock valued at $776,000 after buying an additional 6,968 shares during the period. Institutional investors own 52.10% of the company’s stock.

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.