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

Civista Bancshares logo with Finance background

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) Director Mark J. Macioce purchased 640 shares of Civista Bancshares stock in a transaction that occurred on Friday, July 11th. The stock was acquired at an average cost of $21.25 per share, with a total value of $13,600.00. Following the transaction, the director owned 640 shares in the company, valued at $13,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Civista Bancshares Price Performance

CIVB traded down $0.13 during midday trading on Friday, hitting $21.32. The stock had a trading volume of 45,808 shares, compared to its average volume of 52,789. The company has a market cap of $330.89 million, a P/E ratio of 9.39 and a beta of 0.69. Civista Bancshares, Inc. has a 1 year low of $14.90 and a 1 year high of $25.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day moving average of $22.79 and a 200 day moving average of $21.29.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.16. The firm had revenue of $40.63 million during the quarter, compared to analyst estimates of $40.33 million. Civista Bancshares had a return on equity of 9.13% and a net margin of 14.35%. As a group, equities analysts forecast that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Civista Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in Civista Bancshares by 210.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after purchasing an additional 101,610 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Civista Bancshares in the fourth quarter worth $1,774,000. Nuveen LLC purchased a new stake in shares of Civista Bancshares in the first quarter worth $1,594,000. American Century Companies Inc. grew its stake in shares of Civista Bancshares by 55.0% in the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock worth $4,025,000 after acquiring an additional 67,889 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Civista Bancshares by 166.8% during the fourth quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank's stock valued at $1,950,000 after buying an additional 57,950 shares during the last quarter. Institutional investors own 52.10% of the company's stock.

Analyst Ratings Changes

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

Read Our Latest Research Report on Civista Bancshares

About Civista Bancshares

(Get Free Report)

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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Insider Buying and Selling by Quarter for Civista Bancshares (NASDAQ:CIVB)

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