Equities Analysts Set Expectations for CIVB FY2025 Earnings

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Research analysts at DA Davidson cut their FY2025 earnings estimates for shares of Civista Bancshares in a note issued to investors on Tuesday, July 15th. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $2.65 for the year, down from their prior estimate of $2.80. DA Davidson currently has a "Buy" rating and a $26.00 price target on the stock. The consensus estimate for Civista Bancshares' current full-year earnings is $2.28 per share. DA Davidson also issued estimates for Civista Bancshares' FY2026 earnings at $2.50 EPS.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.16. The business had revenue of $40.63 million during the quarter, compared to the consensus estimate of $40.33 million. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%.

Several other research firms also recently weighed in on CIVB. Stephens lifted their price target on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Piper Sandler boosted their target price on Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Keefe, Bruyette & Woods upped their target price on Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, Wall Street Zen lowered Civista Bancshares from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Civista Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $25.00.

Civista Bancshares Trading Down 0.6%

Shares of Civista Bancshares stock traded down $0.13 on Thursday, hitting $21.32. 45,808 shares of the company traded hands, compared to its average volume of 52,836. The stock's 50 day moving average price is $22.82 and its 200-day moving average price is $21.28. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. Civista Bancshares has a 52 week low of $14.90 and a 52 week high of $25.59. The company has a market cap of $330.87 million, a PE ratio of 9.39 and a beta of 0.69.

Insiders Place Their Bets

In other Civista Bancshares news, Director Clyde A. Perfect, Jr. bought 2,352 shares of Civista Bancshares stock in a transaction that occurred on Friday, July 11th. The shares were bought at an average cost of $21.25 per share, with a total value of $49,980.00. Following the transaction, the director directly owned 2,352 shares of the company's stock, valued at approximately $49,980. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was purchased at an average cost of $22.44 per share, for a total transaction of $137,848.92. Following the completion of the acquisition, the chairman directly owned 19,162 shares of the company's stock, valued at approximately $429,995.28. This trade represents a 47.18% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 17,385 shares of company stock valued at $376,741. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Civista Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC grew its holdings in Civista Bancshares by 166.8% during the fourth quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank's stock worth $1,950,000 after acquiring an additional 57,950 shares during the period. Man Group plc acquired a new stake in Civista Bancshares during the fourth quarter worth about $282,000. Lazard Asset Management LLC acquired a new stake in Civista Bancshares during the fourth quarter worth about $263,000. Arrowstreet Capital Limited Partnership grew its holdings in Civista Bancshares by 210.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after acquiring an additional 101,610 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Civista Bancshares by 23.3% during the fourth quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank's stock worth $776,000 after acquiring an additional 6,968 shares during the period. 52.10% of the stock is owned by institutional investors and hedge funds.

About Civista Bancshares

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.