SoFi CEO enters prepaid forward contract on 1.5 million shares
Director Mark J. Macioce of Civista Bancshares (NASDAQ:CIVB) recently purchased 640 shares of common stock at a price of $21.25 per share, totaling $13,600. The purchase comes as the stock has fallen nearly 13% in the past week, though InvestingPro analysis suggests the stock is currently fairly valued. With a market cap of $405 million and P/E ratio of 9.4, the bank maintains a solid 3.1% dividend yield.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction occurred on July 11, 2025.
In other recent news, Civista Bancshares reported a strong financial performance for the first quarter of 2025, with earnings per share (EPS) of $0.66, surpassing expectations by 29.4%. The company’s revenue also slightly exceeded projections, reaching $40.63 million. Civista Bancshares announced a definitive merger agreement to acquire The Farmers Savings Bank for approximately $70.4 million, which is expected to enhance its presence in Northeast Ohio and be 10% accretive to its diluted EPS post-cost savings. The acquisition will add $183 million in low-cost core deposits and $104 million in net loans to Civista’s portfolio. Additionally, Civista launched a public offering of its common shares, with Piper Sandler & Co. as the sole book-running manager, to support organic growth and potential strategic transactions. Analyst firm DA Davidson maintained a Buy rating on Civista Bancshares while lowering its price target to $26.00, citing the company’s capital raise and acquisition plans. Meanwhile, Stephens raised its price target to $25.00, acknowledging Civista’s improved net interest margin and financial performance. These developments reflect Civista’s strategic initiatives to bolster its growth and market presence.
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