Civista Bancshares (NASDAQ:CIVB) Director Buys $21,490.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVB) Director Nathan Weaks bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of $21.49 per share, for a total transaction of $21,490.00. Following the completion of the acquisition, the director directly owned 11,283 shares in the company, valued at approximately $242,471.67. The trade was a 9.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Civista Bancshares Trading Up 0.7%

Shares of NASDAQ CIVB traded up $0.15 during mid-day trading on Wednesday, hitting $21.33. 73,864 shares of the company traded hands, compared to its average volume of 70,065. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.35. Civista Bancshares, Inc. has a 1 year low of $17.47 and a 1 year high of $25.59. The stock has a market capitalization of $411.95 million, a price-to-earnings ratio of 7.96 and a beta of 0.79. The business has a 50 day moving average of $21.08 and a two-hundred day moving average of $21.56.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Wednesday, November 5th. The bank reported $0.71 earnings per share (EPS) for the quarter. Civista Bancshares had a return on equity of 10.86% and a net margin of 17.42%.The firm had revenue of $44.18 million for the quarter. On average, sell-side analysts anticipate that Civista Bancshares, Inc. will post 2.28 earnings per share for the current fiscal year.

Civista Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, November 4th. Civista Bancshares’s dividend payout ratio is 25.37%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd boosted its stake in shares of Civista Bancshares by 120.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 68,667 shares of the bank’s stock valued at $1,395,000 after purchasing an additional 37,502 shares in the last quarter. North Reef Capital Management LP acquired a new position in Civista Bancshares in the third quarter valued at about $605,000. Maltese Capital Management LLC boosted its position in Civista Bancshares by 93.2% in the third quarter. Maltese Capital Management LLC now owns 284,000 shares of the bank’s stock valued at $5,768,000 after buying an additional 137,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Civista Bancshares by 5.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,832 shares of the bank’s stock worth $179,000 after buying an additional 485 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Civista Bancshares by 28.5% during the third quarter. Bank of America Corp DE now owns 33,349 shares of the bank’s stock worth $677,000 after buying an additional 7,398 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CIVB. Keefe, Bruyette & Woods boosted their target price on shares of Civista Bancshares from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Civista Bancshares in a research note on Wednesday, October 8th. Stephens dropped their target price on Civista Bancshares from $27.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 29th. Zacks Research raised shares of Civista Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Hovde Group downgraded shares of Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $24.60.

About Civista Bancshares

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.