Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.12 and traded as high as $22.09. Civista Bancshares shares last traded at $21.95, with a volume of 26,040 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on CIVB. Keefe, Bruyette & Woods increased their price target on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Wall Street Zen downgraded shares of Civista Bancshares from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Stephens increased their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Finally, Piper Sandler increased their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $25.20.
Get Our Latest Stock Report on CIVB
Civista Bancshares Stock Performance
The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The company's 50-day moving average is $22.05 and its two-hundred day moving average is $21.10. The company has a market capitalization of $339.27 million, a P/E ratio of 9.63 and a beta of 0.69.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $40.63 million for 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%. Equities analysts anticipate that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.
Civista Bancshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, April 29th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, April 29th. Civista Bancshares's dividend payout ratio (DPR) is 29.96%.
Insider Buying and Selling
In related news, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were bought at an average cost of $22.44 per share, for a total transaction of $137,848.92. Following the completion of the transaction, the chairman now owns 19,162 shares in the company, valued at approximately $429,995.28. This trade represents a 47.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Civista Bancshares by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 27,208 shares of the bank's stock valued at $532,000 after acquiring an additional 497 shares during the last quarter. CWM LLC grew its position in Civista Bancshares by 43.7% during 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 during the last quarter. D. E. Shaw & Co. Inc. grew its position in Civista Bancshares by 12.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 11,773 shares of the bank's stock valued at $248,000 after acquiring an additional 1,337 shares during the last quarter. Hsbc Holdings PLC grew its position in Civista Bancshares by 9.5% during the first quarter. Hsbc Holdings PLC now owns 21,181 shares of the bank's stock valued at $413,000 after acquiring an additional 1,831 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position 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 acquiring an additional 1,960 shares during the last quarter. 52.10% of the stock is currently owned by institutional investors.
Civista Bancshares Company Profile
(
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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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