DA Davidson Boosts Earnings Estimates for Civista Bancshares

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Investment analysts at DA Davidson increased their Q2 2025 earnings per share (EPS) estimates for 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 $0.66 for the quarter, up from their prior estimate 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.

A number of other equities analysts have also commented on CIVB. Keefe, Bruyette & Woods lifted their price objective on Civista Bancshares from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, April 25th. Wall Street Zen lowered Civista Bancshares from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Piper Sandler lifted their price objective on Civista Bancshares from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Stephens lifted their price objective on Civista Bancshares from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.00.

Civista Bancshares Trading Down 0.2%

Shares of CIVB stock traded down $0.04 during mid-day trading on Wednesday, reaching $21.42. 12,854 shares of the stock traded hands, compared to its average volume of 52,708. The stock's fifty day simple moving average is $22.82 and its two-hundred day simple moving average is $21.28. Civista Bancshares has a 1-year low of $14.90 and a 1-year high of $25.59. The company has a market cap of $332.36 million, a price-to-earnings ratio of 9.43 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.19.

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

Insiders Place Their Bets

In other Civista Bancshares news, Director Darci L. Congrove bought 1,250 shares of the stock in a transaction on Friday, July 11th. The stock was acquired at an average cost of $21.25 per share, for a total transaction of $26,562.50. Following the completion of the acquisition, the director owned 1,250 shares in the company, valued at $26,562.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the stock in a transaction on Tuesday, April 29th. The stock was acquired at an average price of $22.44 per share, with a total value of $137,848.92. Following the completion of the acquisition, the chairman 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. In the last three months, insiders have acquired 17,385 shares of company stock valued at $376,741. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Civista Bancshares

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Civista Bancshares by 43.7% during the first quarter. CWM LLC now owns 3,084 shares of the bank's stock valued at $60,000 after acquiring an additional 938 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Civista Bancshares by 4,003.0% during the first quarter. GAMMA Investing LLC now owns 4,103 shares of the bank's stock valued at $80,000 after acquiring an additional 4,003 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Civista Bancshares by 103.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,120 shares of the bank's stock valued at $108,000 after acquiring an additional 2,609 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Civista Bancshares by 77.0% during the fourth quarter. Deutsche Bank AG now owns 7,691 shares of the bank's stock valued at $162,000 after acquiring an additional 3,347 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Civista Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,999 shares of the bank's stock valued at $189,000 after acquiring an additional 1,960 shares in the last quarter. 52.10% of the stock is currently owned by institutional investors.

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.