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Civista Bancshares (OTC:NASDAQ:CIVB) CEO and President Dennis G. Shaffer reported purchasing 1,000 shares of common stock on July 11, 2025, at a price of $21.25 per share, totaling $21,250. The purchase comes as the $406 million market cap bank stock trades near InvestingPro’s Fair Value, with shares down nearly 13% over the past week.
The purchase was part of an underwritten public offering by Civista Bancshares that closed on July 14, 2025. Following the transaction, Shaffer directly owns 43,688.1797 shares of Civista Bancshares common stock. Shaffer also indirectly owns 1,477.527 shares through an IRA. Trading at 9.5x earnings and offering a 3.1% dividend yield that has grown for 14 consecutive years, the stock currently has analyst targets ranging from $24 to $28. Discover more insights about CIVB with a comprehensive InvestingPro subscription.
In other recent news, Civista Bancshares reported impressive financial results for the first quarter of 2025, with earnings per share (EPS) reaching $0.66, significantly surpassing the forecast of $0.51. The company’s revenue also exceeded expectations, totaling $40.63 million against a projected $40.33 million. In a strategic move, Civista announced plans to acquire The Farmers Savings Bank in a cash and stock transaction valued at approximately $70.4 million, which is expected to enhance its presence in Northeast Ohio. This acquisition will add two branches and approximately $183 million in deposits to Civista’s network. Furthermore, Civista has launched an underwritten public offering of its common shares, with Piper Sandler & Co. as the sole book-running manager, to support organic growth and future strategic transactions.
Analyst firm DA Davidson maintained a Buy rating on Civista Bancshares but lowered its price target from $27.00 to $26.00, following the company’s acquisition and capital raise announcement. The firm emphasized Civista’s strong deposit franchise and growth prospects, noting the potential for a 21% upside to its new price target. Meanwhile, Stephens analysts raised their price target for Civista to $25 from $24, citing the bank’s positive financial performance, including a quarter-over-quarter expansion in net interest margin. Despite these positive developments, Civista’s stock experienced a decline following the announcements, reflecting cautious market sentiment.
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