A Director at Civista Bancshares (NASDAQ: CIVB) is Selling Shares

By Carrie Williams

Today, a Director at Civista Bancshares (CIVBResearch Report), James O. Miller, sold shares of CIVB for $15.64K.

Following James O. Miller’s last CIVB Sell transaction on August 26, 2015, the stock climbed by 12.1%. This is Miller’s first Sell trade following 14 Buy transactions.

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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 35.38K.

In the last 30 days, insiders have sold $152.5K worth of CIVB shares and purchased $512.9K worth of CIVB shares. The insider sentiment on Civista Bancshares has been positive according to 58 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

James O. Miller’s trades have generated a 16.8% 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 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.