Key Points
- Director Nathan Weaks purchased 1,000 Civista shares on Nov. 18 at $21.49 each (total $21,490), increasing his holdings to 11,283 shares — a 9.72% boost valued at roughly $242,472.
- Civista declared a quarterly dividend of $0.17 (annualized $0.68), representing a ~3.1% yield and a payout ratio of 25.37%.
- The bank reported $0.71 EPS last quarter, trades near $21.85 with a market cap of $421.9M and a PE of 8.15, and carries a consensus analyst rating of "Hold" with a $24.60 price target.
Civista Bancshares, Inc. (NASDAQ:CIVB - Get Free Report) Director Nathan Weaks bought 1,000 shares of the company's stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average price of $21.49 per share, with a total value of $21,490.00. Following the completion of the transaction, the director directly owned 11,283 shares in the company, valued at approximately $242,471.67. This represents a 9.72% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Civista Bancshares Price Performance
Shares of NASDAQ CIVB traded up $0.53 during trading hours on Thursday, hitting $21.85. 12,430 shares of the stock were exchanged, compared to its average volume of 69,953. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $421.89 million, a PE ratio of 8.15 and a beta of 0.79. The company's fifty day simple moving average is $21.09 and its two-hundred day simple moving average is $21.56. Civista Bancshares, Inc. has a 1-year low of $17.47 and a 1-year high of $25.59.
Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The bank reported $0.71 EPS for the quarter. The business had revenue of $44.18 million during the quarter. Civista Bancshares had a net margin of 17.42% and a return on equity of 10.86%. On average, sell-side analysts predict that Civista Bancshares, Inc. will post 2.28 EPS for the current year.
Civista Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, November 4th. Civista Bancshares's dividend payout ratio is currently 25.37%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in Civista Bancshares by 306.6% during the 2nd quarter. Federated Hermes Inc. now owns 1,346 shares of the bank's stock worth $31,000 after buying an additional 1,015 shares during the period. Caldwell Trust Co bought a new position in shares of Civista Bancshares during the second quarter valued at $32,000. CWM LLC raised its stake in shares of Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after acquiring an additional 938 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Civista Bancshares by 628.2% during the second quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank's stock worth $75,000 after purchasing an additional 2,783 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Civista Bancshares by 111.4% in the third quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank's stock worth $81,000 after purchasing an additional 2,107 shares during the last quarter. Institutional investors own 52.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CIVB shares. Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday, October 24th. Zacks Research raised shares of Civista Bancshares from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Civista Bancshares in a research report on Wednesday, October 8th. Stephens cut their target price on shares of Civista Bancshares from $27.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 29th. Finally, Hovde Group cut shares of Civista Bancshares from an "outperform" rating to a "market perform" rating and set a $22.00 target price on the stock. in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Civista Bancshares currently has an average rating of "Hold" and a consensus price target of $24.60.
Get Our Latest Report on CIVB
About Civista Bancshares
(
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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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