Civista Bancshares (NASDAQ:CIVB) Given a $26.00 Price Target at DA Davidson

Civista Bancshares (NASDAQ:CIVB - Get Free Report) has been assigned a $26.00 target price by equities research analysts at DA Davidson in a research note issued to investors on Monday, July 14th, Marketbeat reports. The firm presently has a "buy" rating on the bank's stock. DA Davidson's target price points to a potential upside of 31.34% from the stock's current price. DA Davidson also issued estimates for Civista Bancshares' Q2 2025 earnings at $0.66 EPS, FY2025 earnings at $2.65 EPS and FY2026 earnings at $2.50 EPS.

CIVB has been the subject of a number of other research reports. Keefe, Bruyette & Woods increased their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Wall Street Zen lowered shares of Civista Bancshares from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Piper Sandler increased their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Finally, Stephens increased their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Civista Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $19.80 on Monday. The firm has a 50-day moving average of $22.36 and a 200-day moving average of $21.32. The company has a market cap of $307.21 million, a P/E ratio of 7.94 and a beta of 0.69. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.97 and a quick ratio of 0.97. Civista Bancshares has a one year low of $14.90 and a one year high of $25.59.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). The company had revenue of $41.40 million for the quarter, compared to the consensus estimate of $43.07 million. Civista Bancshares had a net margin of 15.83% and a return on equity of 9.83%. Equities research analysts forecast that Civista Bancshares will post 2.28 EPS for the current fiscal year.

Insider Activity at Civista Bancshares

In related news, Director Darci L. Congrove purchased 1,250 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were acquired at an average price of $21.25 per share, for a total transaction of $26,562.50. Following the completion of the acquisition, the director directly owned 1,250 shares in the company, valued at approximately $26,562.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Richard J. Dutton bought 4,000 shares of the company's stock in a transaction dated Friday, July 11th. The shares were acquired at an average price of $21.25 per share, for a total transaction of $85,000.00. Following the acquisition, the senior vice president owned 4,000 shares in the company, valued at approximately $85,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,242 shares of company stock worth $238,893 over the last quarter. Corporate insiders own 2.60% of the company's stock.

Hedge Funds Weigh In On Civista Bancshares

Hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its stake in Civista Bancshares by 166.8% in the 4th quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank's stock worth $1,950,000 after purchasing an additional 57,950 shares in the last quarter. Man Group plc bought a new position in Civista Bancshares during the 4th quarter valued at about $282,000. Lazard Asset Management LLC bought a new position in Civista Bancshares during the 4th quarter valued at about $263,000. Arrowstreet Capital Limited Partnership lifted its stake in Civista Bancshares by 210.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock valued at $3,152,000 after acquiring an additional 101,610 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Civista Bancshares by 23.3% during the 4th quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank's stock valued at $776,000 after acquiring an additional 6,968 shares during the period. Institutional investors own 52.10% of the company's stock.

Civista Bancshares Company Profile

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.