Civista Bancshares Inc (NASDAQ:CIVB) Director Dennis E. Murray, Jr. bought 1,000 shares of the firm’s stock in a transaction dated Friday, March 24th. The shares were acquired at an average cost of $20.61 per share, with a total value of $20,610.00. Following the completion of the transaction, the director now owns 14,020 shares in the company, valued at $288,952.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Civista Bancshares Inc (NASDAQ:CIVB) opened at 21.19 on Tuesday. Civista Bancshares Inc has a 1-year low of $10.20 and a 1-year high of $23.75. The company has a market cap of $213.53 million, a P/E ratio of 13.48 and a beta of 0.53. The stock’s 50 day moving average price is $22.43 and its 200 day moving average price is $18.33.
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A number of large investors have recently added to or reduced their stakes in CIVB. Wells Fargo & Company MN increased its stake in 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 during the period. O Shaughnessy Asset Management LLC bought a new stake in Civista Bancshares during the fourth quarter valued at approximately $132,000. GSA Capital Partners LLP bought a new stake in Civista Bancshares during the fourth quarter valued at approximately $229,000. Dimensional Fund Advisors LP bought a new stake in Civista Bancshares during the fourth quarter valued at approximately $308,000. Finally, Acadian Asset Management LLC increased its stake in 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 during the period. 15.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on CIVB shares. Keefe, Bruyette & Woods upgraded Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Tuesday, November 29th. Boenning Scattergood started coverage on Civista Bancshares in a research note on Tuesday, December 13th. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded Civista Bancshares from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, February 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Civista Bancshares has a consensus rating of “Hold” and a consensus target price of $19.58.
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.
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