Company shares are trading at $74.95 which is just over the 50 day moving average which is $69.67 and which is impressively higher than the 200 day moving average of $66.88. The 50 day moving average moved up $5.28 whereas the 200 day moving average was up $8.07 or +12.07%. Trading was light with 0 shares changing hands in the last trading session. Volume was down 100.00% under the stocks average daily volume.
Short traders are more bullish on Civista Bancshares, Inc. – Dep recently at least if you consider the downtick in short interest. The company recorded a fall in short interest of -11.71% as of October 13, 2017 from the last reporting period. Short interest fell from 700 to 618 over that timeframe. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.00% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Morgan Stanley had acquired a total of 400 shares growing its stake by 400.0%. The value in dollars increased from $7,000 to $32,000 increasing 357.1% quarter to quarter. As of quarter end Maltese Capital Management LLC had bought 700 shares growing its holdings by 0.6%. The value of the investment in Civista Bancshares, Inc. – Dep went from $7,505,000 to $7,405,000 a change of 1.3% quarter over quarter.
As of quarter end Macnealy Hoover Investment Management Inc had disposed of 925 shares trimming its position 0.8%. The value of the investment in CIVBP increased from $7,013,000 to $7,280,000 a change of $267,000 since the last quarter.
The company’s P/E ratio is 55.64 and market cap is 762.24M.
Civista Bancshares, Inc., launched on February 19, 1987, is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services. Its subsidiaries include First Citizens Insurance Agency, Inc., Water Street Properties, First Citizens Investments, Inc., FC Refund Solutions, Inc. (FCRS) and First Citizens Capital LLC..