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Director Darci L Congrove of Civista Bancshares, Inc. (NASDAQ:CIVB) recently purchased 1,250 shares of the company’s common stock at a price of $21.25 on July 11, 2025, for a total transaction value of $26,562.
Following the transaction, Congrove directly owns 3,652 shares of Civista Bancshares. InvestingPro data reveals that CIVB has raised its dividend for 14 consecutive years, demonstrating strong shareholder returns. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Civista Bancshares reported a strong financial performance for the first quarter of 2025, exceeding earnings expectations with an earnings per share (EPS) of $0.66, which was 29.4% above the forecast. Revenue also slightly surpassed projections, reaching $40.63 million. The company announced plans to acquire The Farmers Savings Bank in a cash and stock transaction valued at approximately $70.4 million, expected to close in the fourth quarter of 2025. This acquisition will add two branches in Northeast Ohio, along with $183 million in low-cost core deposits and $104 million in net loans. Civista has also launched a public offering of its common shares, with Piper Sandler & Co. as the sole book-running manager, to support organic growth and future strategic transactions. DA Davidson lowered its price target on Civista Bancshares to $26 from $27, maintaining a Buy rating, following the capital raise announcement. Meanwhile, Stephens raised its price target to $25 from $24, citing the bank’s improved net interest margin and financial outcomes. The company anticipates that the acquisition will be accretive to its diluted EPS by approximately 10% once cost savings are fully realized.
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