Lance A. Morrison Acquires 1,000 Shares of Civista Bancshares Inc (CIVB) Stock
Civista Bancshares Inc (NASDAQ:CIVB) SVP Lance A. Morrison bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were purchased at an average cost of $21.50 per share, with a total value of $21,500.00. Following the transaction, the senior vice president now directly owns 1,000 shares of the company’s stock, valued at $21,500. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Civista Bancshares stock opened at $20.95 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 1.05. Civista Bancshares Inc has a 12-month low of $20.46 and a 12-month high of $25.88. The company has a market cap of $230.50 million, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.96 and a beta of 0.53.
Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Friday, November 2nd. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. Civista Bancshares had a net margin of 12.75% and a return on equity of 12.69%. The business had revenue of $19.11 million for the quarter, compared to analyst estimates of $22.16 million. Research analysts forecast that Civista Bancshares Inc will post 1.36 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. American International Group Inc. increased its stake in Civista Bancshares by 39.5% during the 3rd quarter. American International Group Inc. now owns 9,134 shares of the bank’s stock valued at $220,000 after purchasing an additional 2,584 shares in the last quarter. BlackRock Inc. increased its stake in Civista Bancshares by 32.0% during the 3rd quarter. BlackRock Inc. now owns 713,090 shares of the bank’s stock valued at $17,179,000 after purchasing an additional 172,691 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Civista Bancshares by 15.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 55,366 shares of the bank’s stock valued at $1,334,000 after purchasing an additional 7,235 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Civista Bancshares during the 3rd quarter valued at approximately $892,000. Finally, Seidman Lawrence B acquired a new position in Civista Bancshares during the 3rd quarter valued at approximately $4,577,000. Institutional investors and hedge funds own 57.18% of the company’s stock.
CIVB has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, September 6th. Keefe, Bruyette & Woods reissued 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 reissued a “buy” rating on shares of Civista Bancshares in a research report on Monday, July 30th. Hovde Group reissued 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 raised 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 issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.50.
ILLEGAL ACTIVITY WARNING: “Lance A. Morrison Acquires 1,000 Shares of Civista Bancshares Inc (CIVB) Stock” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2018/11/10/lance-a-morrison-acquires-1000-shares-of-civista-bancshares-inc-civb-stock.html.
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.
Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.