DA Davidson Forecasts Higher Earnings for Civista Bancshares

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - DA Davidson boosted their Q2 2025 earnings estimates for shares of Civista Bancshares in a research report issued to clients and investors on Tuesday, July 15th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $0.66 for the quarter, up from their previous forecast of $0.65. 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.

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

A number of other brokerages also recently issued reports on CIVB. Wall Street Zen downgraded shares of Civista Bancshares from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Piper Sandler lifted their price target on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Keefe, Bruyette & Woods lifted their price target on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Friday, April 25th. Finally, 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 report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Civista Bancshares Price Performance

NASDAQ CIVB traded down $0.13 on Wednesday, reaching $21.32. The company had a trading volume of 45,808 shares, compared to its average volume of 52,789. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $330.89 million, a PE ratio of 9.39 and a beta of 0.69. The firm's 50 day moving average price is $22.79 and its 200 day moving average price is $21.29. Civista Bancshares has a 12 month low of $14.90 and a 12 month high of $25.59.

Insider Buying and Selling at Civista Bancshares

In other news, Chairman Dennis E. Murray, Jr. purchased 6,143 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was purchased at an average cost of $22.44 per share, with a total value of $137,848.92. Following the purchase, the chairman owned 19,162 shares in the company, valued at approximately $429,995.28. This trade represents a 47.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darci L. Congrove acquired 1,250 shares of the stock in a transaction on Friday, July 11th. The stock was bought at an average cost of $21.25 per share, with a total value of $26,562.50. Following the completion of the transaction, the director owned 1,250 shares in the company, valued at $26,562.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,385 shares of company stock valued at $376,741. Corporate insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Civista Bancshares

Several large investors have recently added to or reduced their stakes in CIVB. Nuveen Asset Management LLC lifted its position in shares of 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 during the period. Man Group plc purchased a new stake in shares of Civista Bancshares in the 4th quarter worth approximately $282,000. Lazard Asset Management LLC purchased a new stake in shares of Civista Bancshares in the 4th quarter worth approximately $263,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Civista Bancshares by 210.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank's stock worth $3,152,000 after purchasing an additional 101,610 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Civista Bancshares by 23.3% in the 4th quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank's stock worth $776,000 after purchasing an additional 6,968 shares during the period. 52.10% of the stock is owned by hedge funds and other institutional investors.

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.