DA Davidson Reaffirms “Buy” Rating for Civista Bancshares (NASDAQ:CIVB)

Civista Bancshares (NASDAQ:CIVB)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research report issued on Friday,Benzinga reports. They presently have a $28.00 price target on the bank’s stock. DA Davidson’s price target suggests a potential upside of 16.04% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Civista Bancshares from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Civista Bancshares from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday. Hovde Group raised their price target on shares of Civista Bancshares from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Civista Bancshares in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.00.

Civista Bancshares Trading Down 2.0%

Shares of CIVB stock opened at $24.13 on Friday. The stock has a 50-day simple moving average of $23.07 and a 200 day simple moving average of $21.62. The stock has a market capitalization of $465.95 million, a P/E ratio of 9.07 and a beta of 0.70. Civista Bancshares has a fifty-two week low of $17.47 and a fifty-two week high of $25.59. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.69.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. Civista Bancshares had a return on equity of 11.14% and a net margin of 18.12%.The firm had revenue of $46.34 million for the quarter, compared to analysts’ expectations of $45.43 million. On average, sell-side analysts expect that Civista Bancshares will post 2.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Civista Bancshares

Several institutional investors have recently modified their holdings of CIVB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 worth $179,000 after purchasing an additional 485 shares in the last quarter. Barclays PLC boosted its holdings in shares of Civista Bancshares by 0.9% in the third quarter. Barclays PLC now owns 54,603 shares of the bank’s stock valued at $1,109,000 after buying an additional 498 shares during the period. CWM LLC increased its position in shares of Civista Bancshares by 23.8% during the second quarter. CWM LLC now owns 3,819 shares of the bank’s stock worth $89,000 after acquiring an additional 735 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Civista Bancshares by 306.6% during the second quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock worth $31,000 after acquiring an additional 1,015 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of Civista Bancshares during the second quarter worth $32,000. 52.10% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Civista Bancshares

Here are the key news stories impacting Civista Bancshares this week:

• Positive Sentiment: Multiple firms raised ratings/targets — DA Davidson reaffirmed a “buy” with a $28 price target and Keefe, Bruyette & Woods raised its target to $28 with an “outperform” rating; Hovde raised its target to $26. These upgrades put upside on the table and support buying interest. Analyst Upgrades
• Positive Sentiment: Reported quarter showed solid top-line and EPS beats in some releases — several outlets reported revenue beating estimates and an EPS print above consensus (coverage noting $0.75 per share vs. $0.61 expected), which supports valuation given a sub-10x P/E. Q4 Results and Transcript
• Positive Sentiment: Strategic growth drivers: management signaled mid-single-digit loan growth and an expanding net interest margin for 2026, and the company closed the acquisition of Farmers Savings Bank (added ~ $268M assets, $236M deposits), which should support future revenue and deposit mix. Growth & Acquisition
• Neutral Sentiment: Brokerage consensus remains mixed/centered around “hold” — aggregated brokerage coverage shows an average “Hold,” reflecting differing views despite recent upgrades. Brokerage Consensus
• Neutral Sentiment: Earnings call material and press releases provide detail but not a clear, unified headline — some outlets summarize results as a beat while the company press release framed EPS differently, creating interpretive ambiguity for investors. Earnings Highlights
• Negative Sentiment: Conflicting/nuanced earnings takeaways: an earnings-call transcript itemized a slight shortfall (reported $0.608 vs a $0.61 expectation in one read), and mixed messaging across outlets can prompt profit-taking or caution, contributing to downward pressure. Earnings Call Transcript

Civista Bancshares Company Profile

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.