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

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) SVP Lance A. Morrison purchased 1,000 shares of Civista Bancshares stock in a transaction dated Friday, July 11th. The shares were purchased at an average price of $21.25 per share, with a total value of $21,250.00. Following the completion of the acquisition, the senior vice president owned 1,000 shares in the company, valued at $21,250. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Civista Bancshares Stock Down 0.8%

Shares of CIVB stock traded down $0.18 on Tuesday, hitting $21.56. 67,084 shares of the stock were exchanged, compared to its average volume of 52,582. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $334.64 million, a P/E ratio of 9.52 and a beta of 0.69. The business has a 50-day moving average of $22.89 and a 200 day moving average of $21.28. 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 released its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.16. Civista Bancshares had a return on equity of 9.13% and a net margin of 14.35%. The business had revenue of $40.63 million during the quarter, compared to analysts' expectations of $40.33 million. Equities analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Civista Bancshares by 43.7% in the first quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after acquiring an additional 938 shares in the last quarter. GAMMA Investing LLC grew its holdings in Civista Bancshares by 4,003.0% during the first quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock valued at $80,000 after purchasing an additional 4,003 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Civista Bancshares by 103.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock valued at $108,000 after purchasing an additional 2,609 shares during the period. Deutsche Bank AG grew its holdings in Civista Bancshares by 77.0% during the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock valued at $162,000 after purchasing an additional 3,347 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Civista Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock valued at $189,000 after purchasing an additional 1,960 shares during the period. 52.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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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