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.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Tuesday, October 23rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, October 22nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.72%. Civista Bancshares’s payout ratio is 27.07%.

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.

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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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