Civista Bancshares, Inc. (NASDAQ:CIVB) Director Purchases $20,500.00 in Stock

Civista Bancshares, Inc. (NASDAQ:CIVBGet Rating) Director William F. Ritzmann acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average price of $20.50 per share, with a total value of $20,500.00. Following the completion of the acquisition, the director now owns 24,113 shares of the company’s stock, valued at approximately $494,316.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CIVB stock opened at $20.95 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $23.36 and a two-hundred day moving average price of $24.09. The company has a market cap of $312.57 million, a price-to-earnings ratio of 8.28 and a beta of 0.92. Civista Bancshares, Inc. has a twelve month low of $20.10 and a twelve month high of $25.94.

Civista Bancshares (NASDAQ:CIVBGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The bank reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.06). Civista Bancshares had a net margin of 29.29% and a return on equity of 10.87%. During the same period in the prior year, the company earned $0.68 earnings per share. On average, equities research analysts anticipate that Civista Bancshares, Inc. will post 2.36 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Tuesday, May 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, May 9th. This represents a $0.56 annualized dividend and a dividend yield of 2.67%. Civista Bancshares’s dividend payout ratio is currently 22.13%.

Several hedge funds and other institutional investors have recently modified their holdings of CIVB. Susquehanna International Group LLP bought a new position in shares of Civista Bancshares during the 4th quarter worth approximately $1,433,000. LSV Asset Management boosted its stake in shares of Civista Bancshares by 77.0% during the 4th quarter. LSV Asset Management now owns 132,332 shares of the bank’s stock worth $3,229,000 after acquiring an additional 57,581 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Civista Bancshares during the 4th quarter worth approximately $768,000. Millennium Management LLC boosted its stake in shares of Civista Bancshares by 145.0% during the 3rd quarter. Millennium Management LLC now owns 47,205 shares of the bank’s stock worth $1,097,000 after acquiring an additional 27,937 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Civista Bancshares during the 4th quarter worth approximately $652,000. Institutional investors own 53.04% of the company’s stock.

A number of research firms recently issued reports on CIVB. StockNews.com began coverage on Civista Bancshares in a report on Thursday, March 31st. They set a “buy” rating for the company. DA Davidson restated a “buy” rating on shares of Civista Bancshares in a research note on Wednesday, January 12th. Finally, Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, March 15th.

Civista Bancshares Company Profile (Get Rating)

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. The company 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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