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

Civista Bancshares, Inc. (NASDAQ: CIVB – Get a rating) Director Harry Singer bought 1,900 shares of the company in a trade dated Friday, June 17. The shares were acquired at an average price of $20.90 per share, for a total transaction of $39,710.00. As a result of the acquisition, the administrator now directly owns 8,556 shares of the company, valued at approximately $178,820.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

CIVB traded down $0.36 on Friday, reaching $21.02. The stock recorded trading volume of 416 shares, compared to an average trading volume of 26,045 shares. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt 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 company 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-earnings ratio of 8.17 and a beta of 0.92.

Civista Bancshares (NASDAQ:CIVB – Get a rating) last released its results on Thursday, April 28. The bank reported EPS of $0.57 for the quarter, missing the consensus estimate of $0.60 per ($0.03). Civista Bancshares had a return on equity of 11.06% and a net margin of 29.29%. The company posted revenue of $30.58 million in the quarter, versus a consensus estimate of $31.10 million. In the same quarter of the previous year, the company achieved EPS of $0.68. Sell-side analysts expect Cavista Bancshares, Inc. to post an EPS of 2.33 for the current fiscal year.

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

Separately, downgraded shares of Civista Bancshares from a “buy” rating to a “hold” rating in a Thursday, May 26, report.

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

Civista Bancshares Company Profile (Get a rating)

Civista Bancshares, Inc operates as a financial holding company for Civista Bank which provides community banking services. The company collects a range of customer deposits; and offers commercial and agricultural, commercial and residential loans, agricultural real estate, construction, consumer and other real estate loans, and letters of credit.

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