Lance A. Morrison Acquires 1,000 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) SVP Lance A. Morrison bought 1,000 shares of Civista Bancshares stock in a transaction that occurred on Friday, July 11th. The shares were acquired 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 directly owned 1,000 shares of the company's stock, valued at $21,250. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Civista Bancshares Stock Down 0.6%

CIVB stock traded down $0.13 during midday trading on Friday, reaching $21.32. The company had a trading volume of 45,808 shares, compared to its average volume of 52,789. Civista Bancshares, Inc. has a 1 year low of $14.90 and a 1 year high of $25.59. 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 company has a market capitalization of $330.89 million, a P/E ratio of 9.39 and a beta of 0.69. The company has a 50 day moving average of $22.79 and a two-hundred day moving average of $21.29.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its 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 net margin of 14.35% and a return on equity of 9.13%. The company had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. On average, equities research analysts expect that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Civista Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIVB. Arrowstreet Capital Limited Partnership lifted its position in Civista Bancshares by 210.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after buying an additional 101,610 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Civista Bancshares in the 4th quarter worth approximately $1,774,000. Nuveen LLC purchased a new stake in Civista Bancshares in the 1st quarter worth approximately $1,594,000. American Century Companies Inc. lifted its position in Civista Bancshares by 55.0% in the 4th quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock worth $4,025,000 after buying an additional 67,889 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in 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. Hedge funds and other institutional investors own 52.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on CIVB. Keefe, Bruyette & Woods upped their price target 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. Wall Street Zen downgraded shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. DA Davidson set a $26.00 price target on shares of Civista Bancshares and gave the company a "buy" rating in a research report on Monday. Piper Sandler upped their price target 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. Finally, Stephens upped their price target 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Civista Bancshares has a consensus rating of "Moderate Buy" and an average 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.