Civista Bancshares Shares Trade Higher Coming Out of Holiday Pause
Civista Bancshares stock traded up 1.2% in early U.S. trading Tuesday, adding 30 cents to $25.76 as markets reopened after the long weekend and some regional banks gained. The lender, based in Sandusky, Ohio, saw its market cap around $535 million, trading at about 9.5 times earnings. The timing is notable. Nasdaq's doors were shut on Monday, May 25, for Memorial Day, so Tuesday was the first normal trading day of the week for Civista and other banks. With post-holiday volume often light, moves in small bank stocks like Civista can seem bigger than the news alone would indicate.