Darci L. Congrove Purchases 750 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) Stock

Civista Bancshares, Inc. (NASDAQ:CIVB) Director Darci L. Congrove acquired 750 shares of Civista Bancshares stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $20.81 per share, for a total transaction of $15,607.50. Following the purchase, the director now owns 2,625 shares of the company’s stock, valued at approximately $54,626.25. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Civista Bancshares Trading Down 0.7 %

CIVB traded down $0.15 during trading on Thursday, reaching $22.40. 25,756 shares of the company’s stock were exchanged, compared to its average volume of 39,976. The company’s fifty day moving average price is $17.96 and its 200-day moving average price is $16.27. The firm has a market capitalization of $352.58 million, a PE ratio of 11.22 and a beta of 0.78. Civista Bancshares, Inc. has a fifty-two week low of $13.60 and a fifty-two week high of $23.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.01 and a current ratio of 1.01.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The business had revenue of $62.43 million during the quarter, compared to analysts’ expectations of $37.60 million. Civista Bancshares had a return on equity of 8.46% and a net margin of 13.12%. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, equities analysts forecast that Civista Bancshares, Inc. will post 1.91 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.86%. Civista Bancshares’s dividend payout ratio (DPR) is presently 31.84%.

Institutional Trading of Civista Bancshares

A number of hedge funds have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in Civista Bancshares during the 1st quarter worth $63,000. SG Americas Securities LLC bought a new stake in shares of Civista Bancshares in the third quarter worth about $102,000. Princeton Capital Management LLC acquired a new stake in shares of Civista Bancshares during the second quarter worth about $189,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 purchasing an additional 12,624 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Civista Bancshares by 4.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock valued at $248,000 after purchasing an additional 589 shares during the period. 52.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CIVB shares. Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Wednesday, October 30th. Stephens increased their price objective on Civista Bancshares from $18.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a research note on Tuesday, July 30th. Finally, Piper Sandler raised their price target on Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and two 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 $20.25.

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.