Nathan Weaks Buys 1,000 Shares of Civista Bancshares (NASDAQ:CIVB) Stock

Civista Bancshares, Inc. (NASDAQ:CIVB) Director Nathan Weaks bought 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $21.49 per share, for a total transaction of $21,490.00. Following the acquisition, the director owned 11,283 shares of the company’s stock, valued at approximately $242,471.67. This represents a 9.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Civista Bancshares Price Performance

Civista Bancshares stock traded up $0.15 during midday trading on Wednesday, reaching $21.33. The company’s stock had a trading volume of 73,864 shares, compared to its average volume of 70,065. The firm has a market capitalization of $411.95 million, a PE ratio of 7.96 and a beta of 0.79. Civista Bancshares, Inc. has a fifty-two week low of $17.47 and a fifty-two week high of $25.59. The stock’s 50 day simple moving average is $21.08 and its 200 day simple moving average is $21.56. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 0.99.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Wednesday, November 5th. The bank reported $0.71 earnings per share (EPS) for the quarter. Civista Bancshares had a net margin of 17.42% and a return on equity of 10.86%. The business had revenue of $44.18 million during the quarter. On average, equities research analysts forecast that Civista Bancshares, Inc. will post 2.28 earnings per share for the current year.

Civista Bancshares Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. raised its holdings in Civista Bancshares by 306.6% during the second quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock worth $31,000 after purchasing an additional 1,015 shares in the last quarter. Caldwell Trust Co bought a new stake in shares of Civista Bancshares in the 2nd quarter worth $32,000. CWM LLC lifted its holdings in shares of Civista Bancshares by 43.7% in the first quarter. CWM LLC now owns 3,084 shares of the bank’s stock valued at $60,000 after buying an additional 938 shares during the period. Osaic Holdings Inc. boosted its stake in Civista Bancshares by 628.2% during the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank’s stock valued at $75,000 after buying an additional 2,783 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Civista Bancshares by 111.4% during the third quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank’s stock worth $81,000 after acquiring an additional 2,107 shares during the period. 52.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CIVB shares. DA Davidson initiated coverage on shares of Civista Bancshares in a research report on Monday, October 27th. They issued a “buy” rating and a $26.00 price objective on the stock. Keefe, Bruyette & Woods increased their price target on shares of Civista Bancshares from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Hovde Group downgraded Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Civista Bancshares in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Civista Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.