Civista Bancshares, Inc. (NASDAQ:CIVB) SVP Purchases $13,970.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVB) SVP Michael D. Mulford bought 1,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $13.97 per share, for a total transaction of $13,970.00. Following the completion of the transaction, the senior vice president now directly owns 3,000 shares of the company’s stock, valued at $41,910. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Civista Bancshares Stock Up 2.2 %

Shares of NASDAQ CIVB traded up $0.32 during mid-day trading on Thursday, reaching $14.81. 64,849 shares of the company traded hands, compared to its average volume of 29,734. The company’s fifty day moving average is $14.77 and its two-hundred day moving average is $15.85. Civista Bancshares, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $19.80. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $232.32 million, a PE ratio of 6.22 and a beta of 0.79.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.06). The firm had revenue of $58.63 million during the quarter, compared to analyst estimates of $38.01 million. Civista Bancshares had a return on equity of 10.36% and a net margin of 16.38%. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, analysts expect that Civista Bancshares, Inc. will post 1.91 earnings per share for the current year.

Civista Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Tuesday, May 7th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, May 6th. This represents a $0.64 annualized dividend and a dividend yield of 4.32%. Civista Bancshares’s dividend payout ratio is presently 27.47%.

Institutional Trading of Civista Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its position in shares of Civista Bancshares by 294.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,451 shares of the bank’s stock valued at $38,000 after acquiring an additional 1,830 shares during the period. SG Americas Securities LLC bought a new stake in Civista Bancshares in the 3rd quarter valued at $104,000. Hillsdale Investment Management Inc. acquired a new stake in Civista Bancshares in the 4th quarter worth $109,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Civista Bancshares during the 3rd quarter worth about $160,000. Finally, Gendell Jeffrey L acquired a new position in shares of Civista Bancshares during the fourth quarter valued at about $184,000. Institutional investors and hedge funds own 52.10% of the company’s stock.

Wall Street Analyst Weigh In

CIVB has been the topic of several analyst reports. Piper Sandler started coverage on shares of Civista Bancshares in a research report on Wednesday, February 21st. They issued a “neutral” rating and a $18.00 target price on the stock. Hovde Group began coverage on Civista Bancshares in a research report on Monday, April 1st. They issued a “market perform” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $18.00 target price (down previously from $21.00) on shares of Civista Bancshares in a research note on Wednesday, May 1st. TheStreet lowered shares of Civista Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th. Finally, Stephens dropped their price target on shares of Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $17.75.

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.