Dennis G. Shaffer Purchases 1,000 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) CEO Dennis G. Shaffer bought 1,000 shares of Civista Bancshares stock in a transaction dated Friday, July 11th. The stock was purchased at an average cost of $21.25 per share, for a total transaction of $21,250.00. Following the completion of the acquisition, the chief executive officer directly owned 1,000 shares of the company's stock, valued at approximately $21,250. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Civista Bancshares Trading Up 0.1%

CIVB traded up $0.03 on Friday, hitting $21.48. The company had a trading volume of 21,299 shares, compared to its average volume of 52,741. The company has a market cap of $333.29 million, a PE ratio of 9.46 and a beta of 0.69. Civista Bancshares, Inc. has a 12-month low of $14.90 and a 12-month high of $25.59. 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 business's fifty day simple moving average is $22.82 and its 200 day simple moving average is $21.28.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last issued 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 firm had revenue of $40.63 million for the quarter, compared to the consensus estimate of $40.33 million. Equities research analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Civista Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in shares of Civista Bancshares during the second quarter valued at $415,000. Park National Corp OH lifted its holdings in 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 buying an additional 816 shares in the last quarter. Strs Ohio purchased a new stake in Civista Bancshares in the 1st quarter valued at about $508,000. Acadian Asset Management LLC grew its stake in Civista Bancshares by 15.1% in the 1st quarter. Acadian Asset Management LLC now owns 33,814 shares of the bank's stock worth $659,000 after acquiring an additional 4,426 shares in the last quarter. Finally, Mendon Capital Advisors Corp increased its position in shares of Civista Bancshares by 3.8% during the first quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank's stock worth $4,916,000 after acquiring an additional 9,153 shares during the period. Hedge funds and other institutional investors own 52.10% of the company's stock.

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.