DA Davidson Raises Earnings Estimates for Civista Bancshares

Civista Bancshares, Inc. (NASDAQ:CIVB) – Analysts at DA Davidson increased their FY2025 earnings per share estimates for Civista Bancshares in a research report issued on Tuesday, April 29th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $2.80 for the year, up from their prior forecast of $2.45. The consensus estimate for Civista Bancshares’ current full-year earnings is $2.28 per share.

A number of other research analysts also recently issued reports on the company. Stephens upped their price objective on 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 raised their target price on Civista Bancshares from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price target 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, StockNews.com upgraded shares of Civista Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Civista Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.20.

Civista Bancshares Trading Down 0.6 %

NASDAQ:CIVB opened at $22.37 on Thursday. Civista Bancshares has a 52 week low of $13.60 and a 52 week high of $23.70. The firm has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $20.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $346.27 million, a price-to-earnings ratio of 11.07 and a beta of 0.67.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.16. The firm had revenue of $40.63 million for the quarter, compared to the consensus estimate of $40.33 million. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, April 29th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.04%. The ex-dividend date is Tuesday, April 29th. Civista Bancshares’s dividend payout ratio is presently 29.96%.

Insider Activity at Civista Bancshares

In related news, Chairman Dennis E. Murray, Jr. bought 6,143 shares of the company’s stock in a transaction on Tuesday, April 29th. The stock was acquired at an average cost of $22.44 per share, for a total transaction of $137,848.92. Following the completion of the transaction, the chairman now directly owns 19,162 shares in the company, valued at $429,995.28. This trade represents a 47.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Civista Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in CIVB. Arrowstreet Capital Limited Partnership increased its position in shares of 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 purchasing an additional 101,610 shares during the last quarter. Mendon Capital Advisors Corp grew its position in Civista Bancshares by 12.2% during the fourth quarter. Mendon Capital Advisors Corp now owns 242,450 shares of the bank’s stock valued at $5,101,000 after acquiring an additional 26,270 shares during the last quarter. Barclays PLC raised its stake in shares of Civista Bancshares by 40.7% during the third quarter. Barclays PLC now owns 51,521 shares of the bank’s stock worth $917,000 after acquiring an additional 14,909 shares in the last quarter. Prudential Financial Inc. raised its position in Civista Bancshares by 271.7% in the 4th quarter. Prudential Financial Inc. now owns 53,355 shares of the bank’s stock worth $1,123,000 after purchasing an additional 39,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Civista Bancshares by 45.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,161 shares of the bank’s stock worth $950,000 after purchasing an additional 14,066 shares during the last quarter. Hedge funds and other 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.