Civista Bancshares, Inc. (NASDAQ:CIVB) SVP Acquires $21,250.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) SVP Michael D. Mulford bought 1,000 shares of the company's stock in a transaction dated Friday, July 11th. The stock was bought at an average cost of $21.25 per share, with a total value of $21,250.00. Following the acquisition, the senior vice president directly owned 1,000 shares of the company's stock, valued at approximately $21,250. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Civista Bancshares Trading Down 0.6%

NASDAQ:CIVB traded down $0.13 on Thursday, reaching $21.45. 88,142 shares of the stock traded hands, compared to its average volume of 52,917. The firm has a market capitalization of $332.90 million, a price-to-earnings ratio of 9.45 and a beta of 0.69. The company's 50 day moving average is $22.85 and its 200-day moving average is $21.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. Civista Bancshares, Inc. has a 1-year low of $14.90 and a 1-year high of $25.59.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 EPS for the quarter, topping the consensus estimate of $0.50 by $0.16. The company had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%. Equities research analysts anticipate that Civista Bancshares, Inc. will post 2.28 EPS for the current fiscal year.

Institutional Trading of Civista Bancshares

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Civista Bancshares by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 857,968 shares of the bank's stock valued at $18,052,000 after purchasing an additional 12,746 shares during the period. Dimensional Fund Advisors LP grew its position in Civista Bancshares by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 833,047 shares of the bank's stock valued at $17,527,000 after purchasing an additional 23,809 shares during the period. Geode Capital Management LLC grew its position in Civista Bancshares by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 351,624 shares of the bank's stock valued at $7,399,000 after purchasing an additional 3,272 shares during the period. Mendon Capital Advisors Corp grew its position in Civista Bancshares by 3.8% in the 1st quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank's stock valued at $4,916,000 after purchasing an additional 9,153 shares during the period. Finally, American Century Companies Inc. grew its position in Civista Bancshares by 13.8% in the 1st quarter. American Century Companies Inc. now owns 217,777 shares of the bank's stock valued at $4,255,000 after purchasing an additional 26,461 shares during the period. Institutional investors and hedge funds own 52.10% of the company's stock.

Analyst Ratings Changes

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

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.