SoFi CEO enters prepaid forward contract on 1.5 million shares
Civista Bancshares (NASDAQ:CIVB) Senior Vice President Charles A. Parcher reported purchasing 1,000 shares of common stock at $21.25 per share, for a total transaction value of $21,250. The purchase comes as the stock trades at $21.55, following a significant 12.8% decline over the past week. According to InvestingPro data, the bank, currently valued at $405 million, trades near its Fair Value with a price-to-book ratio of 1.02.
Following the transaction on July 11, 2025, Parcher directly holds 21,039.9702 shares and indirectly holds 2,750 shares through an IRA. The bank has maintained dividend payments for 15 consecutive years, currently offering a 3.13% yield. InvestingPro subscribers can access additional insights through the comprehensive Pro Research Report, which provides detailed analysis of Civista’s financial health and market position.
The purchase was part of an underwritten public offering by Civista Bancshares that closed on July 14, 2025.
In other recent news, Civista Bancshares reported a strong performance in the first quarter of 2025, with earnings per share (EPS) of $0.66, surpassing the forecast of $0.51 by 29.4%. Revenue also slightly exceeded expectations, reaching $40.63 million. Civista has 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, expected to close in the fourth quarter of 2025, will expand Civista’s presence in Northeast Ohio and is projected to be accretive to its diluted EPS by approximately 10% once cost savings are fully implemented.
DA Davidson has maintained a Buy rating on Civista Bancshares while lowering its price target from $27.00 to $26.00, citing the bank’s recent acquisition and capital raise. Stephens analysts have also raised their price target for Civista to $25, reflecting the bank’s improved net interest margin and net interest income, which exceeded expectations. Civista has launched a public offering of common shares, with Piper Sandler & Co. as the sole book-running manager, to support organic growth and potential strategic transactions. The acquisition and public offering are seen as strategic moves to enhance Civista’s growth prospects, despite some initial market caution reflected in stock performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.