Civista Bancshares, Inc. (NASDAQ:CIVB) CFO Purchases $22,300.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) CFO Ian Whinnem purchased 1,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $22.30 per share, with a total value of $22,300.00. Following the acquisition, the chief financial officer now directly owns 1,000 shares in the company, valued at $22,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Civista Bancshares Trading Up 2.7 %

CIVB stock traded up $0.56 during mid-day trading on Friday, reaching $21.33. 167,036 shares of the stock traded hands, compared to its average volume of 43,318. The business has a 50-day moving average price of $21.29 and a two-hundred day moving average price of $18.02. The stock has a market capitalization of $335.67 million, a PE ratio of 10.61 and a beta of 0.81. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $23.69.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.09. The company had revenue of $62.43 million for the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. During the same period in the prior year, the company posted $0.66 EPS. Equities research analysts expect that Civista Bancshares, Inc. will post 1.91 EPS for the current year.

Civista Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a $0.16 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.64 annualized dividend and a dividend yield of 3.00%. Civista Bancshares's payout ratio is 31.84%.

Analyst Upgrades and Downgrades

Several research firms have commented on CIVB. Hovde Group upgraded shares of Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Stephens boosted their price objective on Civista Bancshares from $18.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.75.

Hedge Funds Weigh In On Civista Bancshares

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Civista Bancshares in the third quarter worth $45,000. SG Americas Securities LLC bought a new position in shares of Civista Bancshares in the third quarter worth about $102,000. Princeton Capital Management LLC purchased a new position in Civista Bancshares in the 2nd quarter worth about $189,000. Allspring Global Investments Holdings LLC lifted its holdings in Civista Bancshares by 10,347.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank's stock valued at $197,000 after buying an additional 12,624 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Civista Bancshares by 4.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank's stock valued at $248,000 after buying an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 52.10% of the company's stock.

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.