Civista Bancshares, Inc. (NASDAQ:CIVB) Director Darci L. Congrove Buys 1,250 Shares

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) Director Darci L. Congrove bought 1,250 shares of the firm's stock in a transaction on Friday, July 11th. The stock was purchased at an average price of $21.25 per share, with a total value of $26,562.50. Following the transaction, the director owned 1,250 shares in the company, valued at $26,562.50. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Civista Bancshares Price Performance

Shares of Civista Bancshares stock traded down $0.13 on Friday, hitting $21.32. The company had a trading volume of 45,808 shares, compared to its average volume of 52,789. The business has a 50-day simple moving average of $22.79 and a 200-day simple moving average of $21.29. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $330.89 million, a PE ratio of 9.39 and a beta of 0.69. Civista Bancshares, Inc. has a 52 week low of $14.90 and a 52 week high of $25.59.

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 (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.16. The business 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%. Research analysts expect that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CIVB. Keefe, Bruyette & Woods upped their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen cut 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 target price on shares of Civista Bancshares and gave the stock a "buy" rating in a research report on Monday. Piper Sandler increased their price objective on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Finally, Stephens increased their price objective on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CIVB. Russell Investments Group Ltd. boosted its holdings in Civista Bancshares by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 27,208 shares of the bank's stock worth $532,000 after buying an additional 497 shares in the last quarter. Park National Corp OH boosted its holdings in Civista Bancshares by 3.5% during the second quarter. Park National Corp OH now owns 24,091 shares of the bank's stock worth $559,000 after buying an additional 816 shares in the last quarter. CWM LLC boosted its holdings in Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank's stock worth $60,000 after buying an additional 938 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings 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 worth $248,000 after buying an additional 1,337 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Civista Bancshares by 9.5% during the first quarter. Hsbc Holdings PLC now owns 21,181 shares of the bank's stock worth $413,000 after buying an additional 1,831 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors.

Civista Bancshares Company Profile

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.