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A Subsidiary Director of Civista Bancshares (NASDAQ:CIVB), PERFECT CLYDE A JR, recently purchased 2352 shares of common stock at $21.25 per share, totaling approximately $49,980. The purchase comes as the stock has experienced a significant 12.8% decline over the past week, according to InvestingPro data.
The transaction, which occurred on July 11, 2025, was for shares acquired in an underwritten public offering by Civista Bancshares that closed on July 14, 2025. The bank, which trades at 9.4x earnings and has raised its dividend for 14 consecutive years, currently has analyst price targets ranging from $24 to $28. InvestingPro analysis suggests the stock is currently fairly valued, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Civista Bancshares reported strong financial performance for the first quarter of 2025, with earnings per share (EPS) of $0.66, surpassing analyst expectations by 29.4%. The company’s revenue also exceeded projections, reaching $40.63 million. Civista Bancshares announced plans to acquire The Farmers Savings Bank in a $70.4 million cash and stock transaction, which is expected to close in the fourth quarter of 2025. This acquisition will add branches in Northeast Ohio and is anticipated to be 10% accretive to Civista’s diluted EPS after full cost savings are realized.
Additionally, Civista Bancshares has launched an underwritten public offering of its common shares, with Piper Sandler & Co. as the sole book-running manager. Analyst firm DA Davidson recently lowered its price target for Civista to $26.00, citing the capital raise and acquisition, but maintained a Buy rating. Stephens analysts raised their price target to $25, following Civista’s notable performance in the last quarter, including a 15 basis point expansion in net interest margin. These developments reflect Civista’s strategic moves to enhance growth and strengthen its presence in the banking sector.
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