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 dated 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 transaction, the director owned 2,352 shares in the company, valued at approximately $49,980. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Civista Bancshares Price Performance

Shares of NASDAQ:CIVB traded up $0.19 during midday trading on Wednesday, hitting $21.58. The stock had a trading volume of 80,626 shares, compared to its average volume of 52,776. The company's 50-day moving average price is $22.87 and its 200-day moving average price is $21.28. The company has a market capitalization of $334.92 million, a P/E ratio of 9.51 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. 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 EPS for the quarter, beating the consensus estimate of $0.50 by $0.16. The company had revenue of $40.63 million during the quarter, compared to analysts' expectations of $40.33 million. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. As a group, equities research analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Civista Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Park National Corp OH grew its holdings in shares of Civista Bancshares by 3.5% during the 2nd quarter. Park National Corp OH now owns 24,091 shares of the bank's stock valued at $559,000 after purchasing an additional 816 shares during the last quarter. Strs Ohio bought a new stake in shares of Civista Bancshares during the 1st quarter valued at approximately $508,000. Acadian Asset Management LLC grew its holdings in shares of Civista Bancshares by 15.1% during the 1st quarter. Acadian Asset Management LLC now owns 33,814 shares of the bank's stock valued at $659,000 after purchasing an additional 4,426 shares during the last quarter. Mendon Capital Advisors Corp grew its holdings in shares of Civista Bancshares by 3.8% during the 1st quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank's stock valued at $4,916,000 after purchasing an additional 9,153 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Civista Bancshares during the 1st quarter valued at approximately $453,000. 52.10% of the stock is owned by institutional investors.

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.