Ian Whinnem Buys 1,000 Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) 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 shares were purchased 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $21.33 on Friday. The stock has a market cap of $335.67 million, a PE ratio of 10.61 and a beta of 0.81. The stock has a 50-day moving average of $21.29 and a 200-day moving average of $18.04. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. Civista Bancshares, Inc. has a one year low of $13.60 and a one year high of $23.69.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Tuesday, October 29th. The bank reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $62.43 million during 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 quarter in the prior year, the firm earned $0.66 earnings per share. As a group, sell-side analysts expect that Civista Bancshares, Inc. will post 1.91 earnings per share for the current year.

Civista Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Tuesday, November 5th. Civista Bancshares’s payout ratio is presently 31.84%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Civista Bancshares during the third quarter worth about $45,000. SG Americas Securities LLC acquired a new stake in Civista Bancshares during the 3rd quarter worth approximately $102,000. Princeton Capital Management LLC acquired a new stake in Civista Bancshares during the 2nd quarter worth approximately $189,000. Allspring Global Investments Holdings LLC lifted its stake in Civista Bancshares by 10,347.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 12,746 shares of the bank’s stock valued at $197,000 after buying an additional 12,624 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings 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 valued at $248,000 after buying an additional 589 shares during the period. 52.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CIVB. Hovde Group upgraded shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Wednesday, October 30th. Stephens lifted their target price on shares of Civista Bancshares from $18.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Civista Bancshares from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Civista Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

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.