Civista Bancshares, Inc. (NASDAQ:CIVB) Director Dennis E. Murray, Jr. purchased 500 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were purchased at an average cost of $22.75 per share, with a total value of $11,375.00. Following the acquisition, the director now owns 13,020 shares in the company, valued at approximately $296,205. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Civista Bancshares, Inc. (NASDAQ:CIVB) traded down 0.26% during mid-day trading on Friday, hitting $22.84. 40,704 shares of the stock were exchanged. Civista Bancshares, Inc. has a 52 week low of $9.75 and a 52 week high of $23.75. The stock’s 50-day moving average is $21.38 and its 200-day moving average is $17.06. The stock has a market capitalization of $190.60 million, a price-to-earnings ratio of 14.53 and a beta of 0.53.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Investors of record on Monday, January 23rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, January 19th. Civista Bancshares’s payout ratio is currently 15.29%.
A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Tuesday, November 29th. Zacks Investment Research raised shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, February 14th. Finally, Boenning Scattergood assumed coverage on shares of Civista Bancshares in a report on Tuesday, December 13th. They set an “outperform” rating for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $19.58.
A number of hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in shares of Civista Bancshares by 4.5% in the third quarter. Wells Fargo & Company MN now owns 11,555 shares of the company’s stock valued at $164,000 after buying an additional 500 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Civista Bancshares during the fourth quarter valued at approximately $132,000. GSA Capital Partners LLP bought a new stake in shares of Civista Bancshares during the fourth quarter valued at approximately $229,000. Dimensional Fund Advisors LP bought a new stake in shares of Civista Bancshares during the fourth quarter valued at approximately $308,000. Finally, Acadian Asset Management LLC raised its stake in shares of Civista Bancshares by 1,768.6% in the third quarter. Acadian Asset Management LLC now owns 24,217 shares of the company’s stock valued at $342,000 after buying an additional 22,921 shares in the last quarter. 15.04% of the stock is currently owned by institutional investors and hedge funds.
Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
