Civista Bancshares (NASDAQ:CIVB) Upgraded at DA Davidson

DA Davidson upgraded shares of Civista Bancshares (NASDAQ:CIVB) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports. DA Davidson also issued estimates for Civista Bancshares’ Q3 2025 earnings at $0.64 EPS, FY2025 earnings at $2.63 EPS and FY2026 earnings at $2.50 EPS.

Several other equities analysts also recently commented on the company. Hovde Group downgraded Civista Bancshares from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research note on Monday, August 18th. Stephens dropped their price objective on Civista Bancshares from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen downgraded Civista Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Zacks Research upgraded Civista Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Civista Bancshares in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Civista Bancshares has a consensus rating of “Hold” and an average price target of $24.80.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB opened at $21.55 on Monday. Civista Bancshares has a twelve month low of $17.47 and a twelve month high of $25.59. The stock’s 50 day moving average price is $20.68 and its 200-day moving average price is $21.35. The company has a market capitalization of $416.13 million, a PE ratio of 8.52 and a beta of 0.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.35.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, July 24th. The bank reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). Civista Bancshares had a return on equity of 9.77% and a net margin of 15.83%.The business had revenue of $41.40 million during the quarter, compared to analysts’ expectations of $43.07 million. On average, equities analysts anticipate that Civista Bancshares will post 2.28 EPS for the current year.

Civista Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, November 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. Civista Bancshares’s dividend payout ratio is currently 26.88%.

Insider Activity

In related news, Director Nathan E. Weaks bought 2,000 shares of the company’s stock in a transaction on Wednesday, July 30th. The shares were purchased at an average price of $19.88 per share, for a total transaction of $39,760.00. Following the completion of the transaction, the director directly owned 8,283 shares in the company, valued at approximately $164,666.04. The trade was a 31.83% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 3,500 shares of company stock worth $69,085 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Civista Bancshares by 1.0% in the second quarter. Geode Capital Management LLC now owns 367,343 shares of the bank’s stock worth $8,524,000 after purchasing an additional 3,754 shares during the period. Mendon Capital Advisors Corp increased its holdings in shares of Civista Bancshares by 3.8% in the first quarter. Mendon Capital Advisors Corp now owns 251,603 shares of the bank’s stock worth $4,916,000 after purchasing an additional 9,153 shares during the period. American Century Companies Inc. increased its holdings in shares of Civista Bancshares by 13.0% in the second quarter. American Century Companies Inc. now owns 246,121 shares of the bank’s stock worth $5,710,000 after purchasing an additional 28,344 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Civista Bancshares by 377.8% in the second quarter. Ritholtz Wealth Management now owns 221,966 shares of the bank’s stock worth $5,150,000 after purchasing an additional 175,514 shares during the period. Finally, Curi RMB Capital LLC increased its holdings in shares of Civista Bancshares by 5.0% in the first quarter. Curi RMB Capital LLC now owns 210,000 shares of the bank’s stock worth $4,103,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 52.10% of the company’s stock.

About Civista Bancshares

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.