Insider Buying: Civista Bancshares, Inc. (NASDAQ:CIVB) Director Purchases 640 Shares of Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) Director Mark J. Macioce purchased 640 shares of Civista Bancshares stock in a transaction on Friday, July 11th. The stock was bought at an average cost of $21.25 per share, for a total transaction of $13,600.00. Following the transaction, the director directly owned 640 shares in the company, valued at $13,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Civista Bancshares Stock Performance

CIVB traded down $0.18 during trading on Tuesday, hitting $21.56. 67,084 shares of the stock were exchanged, compared to its average volume of 52,582. The stock has a fifty day moving average price of $22.89 and a two-hundred day moving average price of $21.28. Civista Bancshares, Inc. has a 1-year low of $14.90 and a 1-year high of $25.59. The firm has a market capitalization of $334.64 million, a P/E ratio of 9.52 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.19.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, beating 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 company had revenue of $40.63 million for the quarter, compared to the consensus estimate of $40.33 million. As a group, sell-side analysts predict that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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