Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) CFO Ian Whinnem acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $22.30 per share, for a total transaction of $22,300.00. Following the completion of the purchase, the chief financial officer now owns 1,000 shares of the company's stock, valued at $22,300. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Civista Bancshares Price Performance
Civista Bancshares stock opened at $21.33 on Friday. The stock has a market capitalization of $335.67 million, a price-to-earnings ratio of 10.61 and a beta of 0.81. Civista Bancshares, Inc. has a 52-week low of $13.60 and a 52-week high of $23.69. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. The stock's 50 day moving average price is $21.29 and its two-hundred day moving average price is $18.02.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last issued its earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. The business had revenue of $62.43 million for the quarter, compared to analyst estimates of $37.60 million. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, equities analysts predict that Civista Bancshares, Inc. will post 1.91 earnings per share for the current year.
Civista Bancshares Announces Dividend
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The company also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were paid a $0.16 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.64 annualized dividend and a dividend yield of 3.00%. Civista Bancshares's dividend payout ratio is presently 31.84%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Hovde Group upgraded shares of Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price target on the stock in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on shares of Civista Bancshares from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Finally, Stephens upped their price target on shares of Civista Bancshares from $18.00 to $21.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.75.
Check Out Our Latest Report on CIVB
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its holdings in Civista Bancshares by 4.4% during the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank's stock worth $248,000 after buying an additional 589 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Civista Bancshares by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 24,199 shares of the bank's stock worth $375,000 after acquiring an additional 619 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Civista Bancshares in the 3rd quarter worth about $45,000. Empowered Funds LLC lifted its position in Civista Bancshares by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,135 shares of the bank's stock valued at $893,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Civista Bancshares by 5.4% during the 2nd quarter. Victory Capital Management Inc. now owns 51,650 shares of the bank's stock valued at $800,000 after purchasing an additional 2,650 shares during the last quarter. 52.10% of the stock is owned by institutional investors and hedge funds.
About Civista Bancshares
(
Get Free Report)
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.
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