Civista Bancshares, Inc. (NASDAQ:CIVB) Director Harry Singer Buys 1,900 Shares

Posted by on Jun 17th, 2022

Civista Bancshares, Inc. (NASDAQ:CIVB – Get Rating) Director Harry Singer purchased 1,900 shares of the business’s stock in a transaction dated Friday, June 17th. The shares were acquired at an average price of $20.90 per share, for a total transaction of $39,710.00. Following the acquisition, the director now directly owns 8,556 shares in the company, valued at approximately $178,820.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CIVB traded up $0.36 on Friday, reaching $21.02. The stock had a trading volume of 416 shares, compared to its average volume of 26,045. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.55. Civista Bancshares, Inc. has a fifty-two week low of $20.10 and a fifty-two week high of $25.94. The firm has a 50-day moving average of $21.50 and a 200-day moving average of $23.28. The company has a market capitalization of $306.68 million, a price-to-earnings ratio of 8.17 and a beta of 0.92.

Civista Bancshares (NASDAQ:CIVB – Get Rating) last issued its earnings results on Thursday, April 28th. The bank reported $0.57 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.03). Civista Bancshares had a return on equity of 11.06% and a net margin of 29.29%. The company had revenue of $30.58 million during the quarter, compared to the consensus estimate of $31.10 million. During the same quarter in the prior year, the business earned $0.68 EPS. Sell-side analysts anticipate that Civista Bancshares, Inc. will post 2.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Investors of record on Tuesday, May 10th were given a dividend of $0.14 per share. The ex-dividend date was Monday, May 9th. This represents a $0.56 annualized dividend and a yield of 2.66%. Civista Bancshares’s dividend payout ratio (DPR) is presently 22.13%.

Separately, StockNews.com lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, May 26th.

A number of institutional investors have recently made changes to their positions in CIVB. Morgan Stanley increased its position in shares of Civista Bancshares by 14.1% in the 2nd quarter. Morgan Stanley now owns 46,172 shares of the bank’s stock valued at $1,020,000 after acquiring an additional 5,714 shares during the period. Invesco Ltd. boosted its position in shares of Civista Bancshares by 8.9% during the 2nd quarter. Invesco Ltd. now owns 16,663 shares of the bank’s stock worth $369,000 after acquiring an additional 1,359 shares in the last quarter. Citigroup Inc. boosted its position in shares of Civista Bancshares by 144.9% in the 3rd quarter. Citigroup Inc. now owns 1,812 shares of the bank’s stock valued at $42,000 after purchasing an additional 1,072 shares during the period. Renaissance Technologies LLC raised its stake in shares of Civista Bancshares by 1.2% during the 3rd quarter. Renaissance Technologies LLC now owns 171,965 shares of the bank’s stock worth $3,995,000 after buying an additional 2,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Civista Bancshares by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 566,547 shares of the bank’s stock valued at $13,161,000 after purchasing an additional 22,521 shares in the last quarter. 53.04% of the stock is currently owned by institutional investors.

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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