Civista Bancshares Inc (NASDAQ:CIVB) SVP Lance A. Morrison purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average price of $21.50 per share, for a total transaction of $21,500.00. Following the purchase, the senior vice president now owns 1,000 shares in the company, valued at $21,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ CIVB remained flat at $$21.50 during mid-day trading on Wednesday. 2,361 shares of the stock traded hands, compared to its average volume of 40,177. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.04 and a quick ratio of 1.03. The stock has a market cap of $247.66 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.67 and a beta of 0.53. Civista Bancshares Inc has a 52-week low of $20.41 and a 52-week high of $25.88.
Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, November 2nd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $19.11 million for the quarter, compared to analysts’ expectations of $22.16 million. Civista Bancshares had a net margin of 12.75% and a return on equity of 12.69%. On average, equities analysts forecast that Civista Bancshares Inc will post 1.72 EPS for the current fiscal year.
Several analysts have commented on CIVB shares. Zacks Investment Research upgraded shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, September 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $31.00 target price on shares of Civista Bancshares in a research report on Monday, July 30th. Boenning Scattergood restated a “buy” rating on shares of Civista Bancshares in a research report on Monday, July 30th. Hovde Group restated a “hold” rating and set a $26.00 target price on shares of Civista Bancshares in a research report on Thursday, August 2nd. Finally, BidaskClub upgraded shares of Civista Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, September 22nd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.50.
A number of large investors have recently modified their holdings of CIVB. Huntington National Bank bought a new position in Civista Bancshares during the 3rd quarter valued at about $122,000. MetLife Investment Advisors LLC bought a new position in Civista Bancshares during the 2nd quarter valued at about $127,000. Macquarie Group Ltd. grew its holdings in Civista Bancshares by 544.0% during the 2nd quarter. Macquarie Group Ltd. now owns 8,050 shares of the bank’s stock valued at $195,000 after purchasing an additional 6,800 shares during the last quarter. Rhumbline Advisers bought a new position in Civista Bancshares during the 2nd quarter valued at about $239,000. Finally, Mackay Shields LLC bought a new position in Civista Bancshares during the 2nd quarter valued at about $305,000. Institutional investors own 57.18% of the company’s stock.
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Civista Bancshares Company Profile
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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