Civista Bancshares director Macioce buys $6,056 in stock

Investing.com · 2026-11-06 07:31 UTC

Civista Bancshares director Macioce buys $6,056 in stock

Mark J. Macioce, a director at CIVISTA BANCSHARES, INC. (CIVB), purchased shares of the company’s common stock on November 4, 2026.

Mr. Macioce acquired 209 shares at a price of $28.98 per share, totaling $6,056. Following this transaction, Mr. Macioce directly holds 541.35 shares of Civista Bancshares common stock. The purchase comes as the stock trades at $28.16, near its 52-week high of $29.97, with shares up 30% year-to-date. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. InvestingPro Tips highlight that Civista has raised its dividend for 16 consecutive years, with 6 additional tips available to subscribers. The filing also indicates a separate direct beneficial ownership of 4,217.622 common shares.

In other recent news, Civista Bancshares reported a 26% increase in third-quarter profit, surpassing Wall Street expectations. The company achieved earnings of $0.77 per share on revenue of $49.08 million, outperforming analysts’ estimates of $0.70 per share on revenue of $48.78 million. This performance was attributed to wider lending margins, reduced expenses, and stronger fee income. Additionally, DA Davidson raised its price target for Civista Bancshares to $33.00 from $32.00, maintaining a Buy rating on the shares. The firm highlighted improvements in net interest margin and loan growth as positive indicators for the company’s future. These developments reflect Civista’s ongoing momentum in the financial sector.

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