DA Davidson Predicts Reduced Earnings for Civista Bancshares

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Equities researchers at DA Davidson decreased their FY2025 earnings estimates for Civista Bancshares in a report released on Tuesday, July 15th. DA Davidson analyst M. Navas now expects that the bank will earn $2.65 per share for the year, down from their prior forecast of $2.80. DA Davidson currently has a "Buy" rating and a $26.00 target price 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.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Civista Bancshares from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Piper Sandler lifted their price target on Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Stephens boosted their price objective on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods lifted their target price on Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Civista Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Civista Bancshares Price Performance

CIVB stock traded down $0.13 during trading on Thursday, hitting $21.32. The company had a trading volume of 45,808 shares, compared to its average volume of 52,876. The company has a fifty day moving average price of $22.79 and a two-hundred day moving average price of $21.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19. The company has a market cap of $330.89 million, a P/E ratio of 9.39 and a beta of 0.69. Civista Bancshares has a fifty-two week low of $14.90 and a fifty-two week high of $25.59.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Civista Bancshares by 210.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock valued at $3,152,000 after buying an additional 101,610 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Civista Bancshares during the fourth quarter valued at about $1,774,000. Nuveen LLC bought a new position in shares of Civista Bancshares during the first quarter valued at about $1,594,000. American Century Companies Inc. grew its stake in shares of Civista Bancshares by 55.0% during the fourth quarter. American Century Companies Inc. now owns 191,316 shares of the bank's stock valued at $4,025,000 after buying an additional 67,889 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Civista Bancshares by 166.8% in the fourth 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 during the last quarter. Institutional investors own 52.10% of the company's stock.

Insider Transactions at Civista Bancshares

In other Civista Bancshares news, Director Darci L. Congrove acquired 1,250 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were bought at an average price of $21.25 per share, for a total transaction of $26,562.50. Following the completion of the transaction, the director owned 1,250 shares of the company's stock, valued at approximately $26,562.50. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dennis E. Murray, Jr. acquired 6,143 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was acquired at an average price of $22.44 per share, for a total transaction of $137,848.92. Following the transaction, the chairman directly owned 19,162 shares of the company's stock, valued at $429,995.28. This represents a 47.18% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,385 shares of company stock worth $376,741 in the last ninety days. Company insiders own 2.60% of the company's stock.

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.