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Richard J. Dutton, Senior Vice President of CIVISTA BANCSHARES, INC. (NASDAQ:CIVB), recently purchased 4,000 shares of common stock at $21.25, totaling $85,000. The purchase comes as the stock, currently trading at $21.53, has experienced a significant 12.8% decline over the past week. According to InvestingPro analysis, CIVB currently appears fairly valued, with a modest 3.1% dividend yield and a 15-year track record of consistent dividend payments.
The transaction, which occurred on July 11, 2025, was for shares acquired indirectly through his mother. These shares were purchased in an underwritten public offering by the Issuer that closed on July 14, 2025. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed research reports covering 1,400+ US stocks, including CIVB.
Following the transaction, Dutton indirectly owns 4,000 shares through his mother, 7,650.423 shares through an IRA, directly owns 22,924.2183 shares and directly owns 1,278 shares of common stock. He also directly owns 0 Depositary Shares. The bank, with a market capitalization of $405 million and trading at nearly book value with a P/B ratio of 1.02, maintains strong fundamentals despite recent market volatility.
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 the forecast of $0.51. The company’s revenue slightly exceeded expectations, reaching $40.63 million against a projected $40.33 million. Civista Bancshares also announced a definitive merger agreement to acquire The Farmers Savings Bank in a cash and stock transaction valued at approximately $70.4 million. This acquisition is expected to add two branches in Northeast Ohio, along with $183 million in low-cost core deposits and $104 million in net loans.
Additionally, Civista Bancshares launched a public offering of its common shares, with Piper Sandler & Co. serving as the sole book-running manager, to support organic growth and future strategic transactions. In terms of analyst ratings, DA Davidson lowered its price target on Civista Bancshares to $26.00, maintaining a Buy rating, while Stephens raised its price target to $25, keeping an Equal Weight rating. Despite a slight decline in stock price following the earnings announcement, Civista’s financial results and strategic moves suggest a positive outlook for the company. These recent developments reflect Civista Bancshares’ focus on expanding its market presence and enhancing financial performance through strategic acquisitions and capital management.
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