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

Civista Bancshares, Inc. (NASDAQ:CIVB) 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) 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

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.

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

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.