The SVP of Civista Bancshares (NASDAQ: CIVB) is Buying Shares

Today, the SVP of Civista Bancshares (CIVBResearch Report), Todd Michel, bought shares of CIVB for $9,993.

Following this transaction Todd Michel’s holding in the company was increased by 40.99% to a total of $65.61K. Following Todd Michel’s last CIVB Buy transaction on December 20, 2013, the stock climbed by 15.6%.

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Based on Civista Bancshares’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $29.45 million and quarterly net profit of $7.71 million. In comparison, last year the company earned revenue of $21.17 million and had a GAAP net loss of $3.43 million. The company has a one-year high of $23.19 and a one-year low of $15.55. Currently, Civista Bancshares has an average volume of 35.29K.

In the last 30 days, insiders have sold $6,256 worth of CIVB shares and purchased $45.43K worth of CIVB shares. The insider sentiment on Civista Bancshares has been positive according to 43 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Civista Bancshares, Inc. is a financial holding company that engages in the community banking business. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland.