Civista Bancshares, Inc. (NASDAQ:CIVB) SVP Richard J. Dutton Acquires 4,000 Shares

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

Civista Bancshares Stock Up 0.9%

Shares of CIVB traded up $0.19 during mid-day trading on Wednesday, hitting $21.58. 80,626 shares of the company's stock were exchanged, compared to its average volume of 52,776. The company has a market cap of $334.92 million, a PE ratio of 9.51 and a beta of 0.69. Civista Bancshares, Inc. has a 52 week low of $14.90 and a 52 week high of $25.59. The company has a 50-day simple moving average of $22.85 and a 200 day simple moving average of $21.28. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.97.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last released 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 net margin of 14.35% and a return on equity of 9.13%. The business had revenue of $40.63 million during the quarter, compared to analysts' expectations of $40.33 million. On average, research analysts forecast that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Civista Bancshares

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in Civista Bancshares by 43.7% during the 1st quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after purchasing an additional 938 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Civista Bancshares by 4,003.0% during the 1st quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock valued at $80,000 after purchasing an additional 4,003 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Civista Bancshares by 103.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock valued at $108,000 after purchasing an additional 2,609 shares during the last quarter. Deutsche Bank AG lifted its holdings in Civista Bancshares by 77.0% during the 4th quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock valued at $162,000 after purchasing an additional 3,347 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Civista Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock valued at $189,000 after purchasing an additional 1,960 shares during the last quarter. 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 recent analyst reports. Piper Sandler upped their price target on Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Keefe, Bruyette & Woods increased their target price on Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note 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 note on Monday. Stephens increased their target price on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen cut Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.