A Director at Civista Bancshares Inc (CIVB) is Buying Shares


Today, a Director at Civista Bancshares Inc (NASDAQ: CIVB), Allen Nickles, bought shares of CIVB for $865.

Following Allen Nickles’ last CIVB Buy transaction on May 19, 2017, the stock climbed by 3.7%.

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Based on Civista Bancshares Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $20.55 million and quarterly net profit of $3.01 million. In comparison, last year the company earned revenue of $18.33 million and had a net profit of $3.6 million. CIVB’s market cap is $264.9M and the company has a P/E ratio of 17.54. Currently, Civista Bancshares Inc has an average volume of 6,528.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.50, reflecting a -14.4% downside. Three different firms, including Boenning & Scattergood and KBW, currently also have a Buy rating on the stock.

Allen Nickles’ trades have generated a 28.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Civista Bancshares, Inc. is a financial holding company that engages in the business of community banking. The company’s general banking business, which involves in collecting customer deposits, making loans, purchasing securities, and offering trust services.

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