Civista Bancshares, Inc. (NASDAQ:CIVB) CFO Ian Whinnem Buys 1,000 Shares of Stock

Civista Bancshares, Inc. (NASDAQ:CIVB) CFO Ian Whinnem acquired 1,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $22.30 per share, with a total value of $22,300.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $22,300. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Civista Bancshares Stock Performance

NASDAQ:CIVB opened at $21.33 on Friday. Civista Bancshares, Inc. has a twelve month low of $13.60 and a twelve month high of $23.69. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.01. The stock’s 50-day simple moving average is $21.29 and its 200 day simple moving average is $18.02. The firm has a market capitalization of $335.67 million, a PE ratio of 10.61 and a beta of 0.81.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $62.43 million for the quarter, compared to the consensus estimate of $37.60 million. Civista Bancshares had a net margin of 13.12% and a return on equity of 8.33%. During the same period last year, the company posted $0.66 EPS. On average, analysts anticipate that Civista Bancshares, Inc. will post 1.91 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.16 per share. 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 (DPR) is presently 31.84%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods raised their price target on Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Hovde Group raised shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Wednesday, October 30th. Finally, Stephens boosted their target price 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CIVB. Public Employees Retirement System of Ohio bought a new position in Civista Bancshares in the 3rd quarter valued at approximately $45,000. SG Americas Securities LLC acquired a new position in Civista Bancshares in the 3rd quarter valued at approximately $102,000. Princeton Capital Management LLC bought a new position in shares of Civista Bancshares during the second quarter valued at $189,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Civista Bancshares by 10,347.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock worth $197,000 after purchasing an additional 12,624 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Civista Bancshares by 4.4% in the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock worth $248,000 after purchasing an additional 589 shares during the last quarter. 52.10% of the stock is currently owned by institutional investors.

Civista Bancshares Company Profile

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.