Civista Bancshares, Inc. (NASDAQ:CIVB) Director Purchases $49,980.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) Director Clyde A. Perfect, Jr. acquired 2,352 shares of the firm's stock in a transaction on Friday, July 11th. The stock was purchased at an average cost of $21.25 per share, with a total value of $49,980.00. Following the completion of the transaction, the director owned 2,352 shares in the company, valued at $49,980. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Civista Bancshares Stock Down 0.6%

Shares of Civista Bancshares stock traded down $0.13 during trading on Friday, reaching $21.32. The company had a trading volume of 45,808 shares, compared to its average volume of 52,789. The company has a market cap of $330.89 million, a price-to-earnings ratio of 9.39 and a beta of 0.69. The firm's fifty day moving average is $22.79 and its 200-day moving average is $21.29. 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 fifty-two week low of $14.90 and a fifty-two week high of $25.59.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.16. The business had revenue of $40.63 million for the quarter, compared to analyst estimates of $40.33 million. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. On average, analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CIVB shares. Piper Sandler upped their price objective on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Monday, April 28th. Stephens upped their price objective on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. DA Davidson set a $26.00 price objective on shares of Civista Bancshares and gave the company a "buy" rating in a research report on Monday. Keefe, Bruyette & Woods upped their price objective on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Wall Street Zen lowered shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.00.

Institutional Investors Weigh In On Civista Bancshares

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

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.