DA Davidson Has Strong Estimate for CIVB FY2026 Earnings

Civista Bancshares, Inc. (NASDAQ:CIVB) – Research analysts at DA Davidson boosted their FY2026 earnings per share (EPS) estimates for shares of Civista Bancshares in a note issued to investors on Monday, November 24th. DA Davidson analyst J. Rulis now anticipates that the bank will post earnings of $2.60 per share for the year, up from their prior forecast of $2.45. DA Davidson currently has a “Buy” rating and a $26.00 price objective on the stock. The consensus estimate for Civista Bancshares’ current full-year earnings is $2.28 per share.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings data on Wednesday, November 5th. The bank reported $0.71 earnings per share (EPS) for the quarter. The company had revenue of $44.18 million for the quarter. Civista Bancshares had a net margin of 17.42% and a return on equity of 10.86%.

Several other equities research analysts have also commented on CIVB. Weiss Ratings restated a “hold (c+)” rating on shares of Civista Bancshares in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Civista Bancshares from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Zacks Research raised Civista Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Hovde Group cut Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research report on Monday, August 18th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.60.

Civista Bancshares Stock Down 0.2%

CIVB opened at $22.80 on Wednesday. The firm’s 50 day simple moving average is $21.24 and its two-hundred day simple moving average is $21.55. The company has a market capitalization of $440.34 million, a PE ratio of 8.51 and a beta of 0.79. Civista Bancshares has a 1-year low of $17.47 and a 1-year high of $25.59. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.35.

Civista Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, November 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. Civista Bancshares’s dividend payout ratio is currently 25.37%.

Institutional Trading of Civista Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Penn Capital Management Company LLC lifted its stake in Civista Bancshares by 41.0% in the 3rd quarter. Penn Capital Management Company LLC now owns 18,871 shares of the bank’s stock worth $383,000 after purchasing an additional 5,491 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Civista Bancshares by 120.3% in the third quarter. Qube Research & Technologies Ltd now owns 68,667 shares of the bank’s stock worth $1,395,000 after buying an additional 37,502 shares in the last quarter. North Reef Capital Management LP purchased a new stake in shares of Civista Bancshares in the third quarter worth about $605,000. Maltese Capital Management LLC boosted its stake in Civista Bancshares by 93.2% during the third quarter. Maltese Capital Management LLC now owns 284,000 shares of the bank’s stock valued at $5,768,000 after buying an additional 137,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Civista Bancshares by 5.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,832 shares of the bank’s stock valued at $179,000 after buying an additional 485 shares in the last quarter. 52.10% of the stock is currently owned by 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.