DA Davidson Expects Weaker Earnings for Civista Bancshares

Civista Bancshares, Inc. (NASDAQ:CIVB) – DA Davidson cut their FY2025 EPS estimates for Civista Bancshares in a research note issued to investors on Tuesday, July 15th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings per share of $2.65 for the year, down from their prior forecast of $2.80. 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. DA Davidson also issued estimates for Civista Bancshares’ FY2026 earnings at $2.50 EPS.

Several other research firms also recently commented on CIVB. Keefe, Bruyette & Woods upped their price target on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Stephens raised their target price on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, April 25th. Piper Sandler raised their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 28th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Civista Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Civista Bancshares Stock Down 0.6%

Shares of NASDAQ:CIVB opened at $21.32 on Thursday. The firm has a 50 day simple moving average of $22.79 and a 200-day simple moving average of $21.29. Civista Bancshares has a twelve month low of $14.90 and a twelve month high of $25.59. The company has a market capitalization of $330.89 million, a PE ratio of 9.39 and a beta of 0.69. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.19.

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

Insider Buying and Selling at Civista Bancshares

In other news, SVP Richard J. Dutton acquired 4,000 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were bought at an average price of $21.25 per share, for a total transaction of $85,000.00. Following the completion of the purchase, the senior vice president directly owned 4,000 shares of the company’s stock, valued at approximately $85,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Darci L. Congrove acquired 1,250 shares of the company’s stock in a transaction dated Friday, July 11th. The shares were purchased at an average price of $21.25 per share, for a total transaction of $26,562.50. Following the purchase, the director directly owned 1,250 shares of the company’s stock, valued at approximately $26,562.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,385 shares of company stock valued at $376,741. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Civista Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in CIVB. Janney Montgomery Scott LLC acquired a new stake in Civista Bancshares in the second quarter worth about $415,000. Park National Corp OH raised its position in Civista Bancshares by 3.5% in the second quarter. Park National Corp OH now owns 24,091 shares of the bank’s stock worth $559,000 after acquiring an additional 816 shares in the last quarter. Strs Ohio bought a new stake in Civista Bancshares in the first quarter worth about $508,000. Acadian Asset Management LLC raised its position in Civista Bancshares by 15.1% in the first quarter. Acadian Asset Management LLC now owns 33,814 shares of the bank’s stock worth $659,000 after acquiring an additional 4,426 shares in the last quarter. Finally, Mendon Capital Advisors Corp raised its holdings in Civista Bancshares by 3.8% during the 1st quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank’s stock worth $4,916,000 after buying an additional 9,153 shares during the period. 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.