Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Civista Bancshares (NASDAQ:CIVB) Senior Vice President Michael D. Mulford acquired 1,000 shares of common stock on July 11, 2025, at a price of $21.25 per share, for a total transaction value of $21,250. The purchase comes as the $402 million market cap bank’s shares have declined nearly 13% over the past week. According to InvestingPro data, the stock is currently trading close to its Fair Value, with a P/E ratio of 9.4x.
Following the transaction, Mulford directly owns 4,004 shares of the company’s common stock. The bank currently offers a 3.1% dividend yield and is scheduled to report earnings on July 24. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Civista Bancshares reported a strong financial performance for the first quarter of 2025, exceeding earnings expectations. The company posted an earnings per share (EPS) of $0.66, surpassing the forecast of $0.51, and revenue reached $40.63 million, slightly above projections. Civista announced its plans to acquire The Farmers Savings Bank in a $70.4 million cash and stock transaction, expected to close in the fourth quarter of 2025, which will expand its footprint in Northeast Ohio. Additionally, Civista launched a public offering of common shares to support organic growth and future strategic transactions, with Piper Sandler & Co. as the sole book-running manager. Analyst firm DA Davidson maintained a Buy rating on Civista, despite lowering its price target to $26.00, citing the bank’s improved funding and growth prospects. Meanwhile, Stephens raised its price target for Civista to $25, following a notable quarter-over-quarter expansion in net interest margin. These developments highlight Civista’s strategic moves to enhance growth and profitability.
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