An Insider at Civista Bancshares (NASDAQ: CIVB) is Buying Shares

By Carrie Williams

Today, an Insider at Civista Bancshares (CIVBResearch Report), Gerald Wurm, bought shares of CIVB for $225K.

This recent transaction increases Gerald Wurm’s holding in the company by 35.68% to a total of $2.32 million. In addition to Gerald Wurm, 5 other CIVB executives reported Buy trades in the last month.

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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 $76.64K worth of CIVB shares and purchased $270.4K worth of CIVB shares. The insider sentiment on Civista Bancshares has been positive according to 47 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.