Hovde Group Forecasts Strong Price Appreciation for Civista Bancshares (NASDAQ:CIVB) Stock

Civista Bancshares (NASDAQ:CIVB) had its price objective raised by Hovde Group from $23.00 to $26.00 in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a “market perform” rating on the bank’s stock. Hovde Group’s price objective suggests a potential upside of 7.75% from the company’s previous close.

Several other research firms have also recently issued reports on CIVB. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Civista Bancshares in a research report on Monday, December 29th. DA Davidson reaffirmed a “buy” rating and set a $26.00 price target on shares of Civista Bancshares in a research report on Friday, November 21st. Keefe, Bruyette & Woods upped their price objective on Civista Bancshares from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Zacks Research lowered shares of Civista Bancshares from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.00.

Civista Bancshares Price Performance

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

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $0.75 earnings per share (EPS) for the quarter, beating 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 business had revenue of $46.34 million during the quarter, compared to analysts’ expectations of $45.43 million. Analysts expect that Civista Bancshares will post 2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Civista Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its stake in shares of Civista Bancshares by 306.6% in the second quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock valued at $31,000 after acquiring an additional 1,015 shares during the period. Caldwell Trust Co purchased a new stake in shares of Civista Bancshares in the second quarter valued at approximately $32,000. Osaic Holdings Inc. lifted its holdings in shares of Civista Bancshares by 628.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank’s stock worth $75,000 after buying an additional 2,783 shares during the period. BNP Paribas Financial Markets lifted its stake in Civista Bancshares by 111.4% in the third quarter. BNP Paribas Financial Markets now owns 3,998 shares of the bank’s stock worth $81,000 after acquiring an additional 2,107 shares during the period. Finally, CWM LLC lifted its position in shares of Civista Bancshares by 23.8% in the 2nd quarter. CWM LLC now owns 3,819 shares of the bank’s stock worth $89,000 after purchasing an additional 735 shares during the period. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Civista Bancshares News

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.