Civista Bancshares director Macioce buys $13,600 in shares

Published 15/07/2025, 19:18
Civista Bancshares director Macioce buys $13,600 in 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. These shares were acquired through an underwritten public offering by Civista Bancshares that closed on July 14, 2025. Following the purchase, Macioce directly owns 2915.736 shares of Civista Bancshares.

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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