Richard J. Dutton Buys 4,000 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) SVP Richard J. Dutton bought 4,000 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were bought at an average price of $21.25 per share, for a total transaction of $85,000.00. Following the transaction, the senior vice president directly owned 4,000 shares in the company, valued at $85,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Civista Bancshares Price Performance

Shares of CIVB stock traded up $0.03 during trading hours on Friday, hitting $21.48. 21,299 shares of the company's stock were exchanged, compared to its average volume of 52,741. 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 12-month low of $14.90 and a 12-month high of $25.59. The company has a market capitalization of $333.29 million, a PE ratio of 9.46 and a beta of 0.69. The business's 50 day simple moving average is $22.82 and its 200-day simple moving average is $21.28.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released its quarterly 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. The business had revenue of $40.63 million for 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%. On average, equities research analysts anticipate that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Hedge Funds Weigh In On Civista Bancshares

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

Analysts Set New Price Targets

A number of research firms recently issued reports on CIVB. DA Davidson set a $26.00 target price on shares of Civista Bancshares and gave the company a "buy" rating in a research report on Monday. 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 upped their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Stephens increased their price target on shares of 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, Keefe, Bruyette & Woods increased 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.