On November 5, 2024, Darci Congrove, a Director at Civista Bancshares Inc (CIVB, Financial), purchased 750 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns 2,625 shares of Civista Bancshares Inc.
Civista Bancshares Inc operates as the financial holding company for Civista Bank, engaged primarily in the business of community banking. The company provides a wide array of financial services including commercial, consumer, mortgage banking, and wealth management.
Over the past year, Darci Congrove has engaged in the purchase of 750 shares and has not sold any shares. This recent acquisition aligns with a broader pattern of insider activity at the company, where there have been six insider buys and zero sells over the same period.
Shares of Civista Bancshares Inc were priced at $20.81 on the day of the transaction. The company has a market cap of $360.209 million. The price-earnings ratio stands at 11.39, which is above both the industry median of 10.67 and the company's historical median.
According to the GF Value, the intrinsic value of Civista Bancshares Inc is estimated at $24.90 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.84.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider buying activity could be a signal to investors about the perceived value of the stock at current levels, considering the insider's increasing stake in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
