Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) SVP Michael D. Mulford purchased 1,000 shares of the company's stock in a transaction dated Friday, July 11th. The shares were acquired at an average price of $21.25 per share, for a total transaction of $21,250.00. Following the purchase, the senior vice president owned 1,000 shares in the company, valued at $21,250. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Civista Bancshares Stock Performance
NASDAQ:CIVB traded down $0.13 during midday trading on Friday, reaching $21.32. The stock had a trading volume of 45,808 shares, compared to its average volume of 52,789. Civista Bancshares, Inc. has a 1-year low of $14.90 and a 1-year high of $25.59. The firm's fifty day simple moving average is $22.79 and its 200-day simple moving average is $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 stock has a market capitalization of $330.89 million, a P/E ratio of 9.39 and a beta of 0.69.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) 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 analyst estimates of $40.33 million. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. On average, equities research analysts forecast that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on CIVB shares. Wall Street Zen lowered shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Piper Sandler raised their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. DA Davidson set a $26.00 target price on shares of Civista Bancshares and gave the company a "buy" rating in a research note on Monday. Keefe, Bruyette & Woods raised their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Finally, Stephens raised their target price on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $25.00.
Get Our Latest Research Report on Civista Bancshares
Institutional Trading of Civista Bancshares
Several hedge funds and other institutional investors have recently bought and sold shares of CIVB. CWM LLC grew its position in Civista Bancshares by 43.7% in the 1st quarter. CWM LLC now owns 3,084 shares of the bank's stock worth $60,000 after purchasing an additional 938 shares during the last quarter. GAMMA Investing LLC grew its position in Civista Bancshares by 4,003.0% in the 1st quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock worth $80,000 after purchasing an additional 4,003 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Civista Bancshares by 103.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock worth $108,000 after purchasing an additional 2,609 shares during the last quarter. Deutsche Bank AG grew its position in Civista Bancshares by 77.0% in the 4th quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock worth $162,000 after purchasing an additional 3,347 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Civista Bancshares by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock worth $189,000 after purchasing an additional 1,960 shares during the last quarter. 52.10% of the stock is currently owned by institutional investors and hedge funds.
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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