Civista Bancshares’ (CIVB) “Outperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their outperform rating on shares of Civista Bancshares (NASDAQ:CIVB) in a report published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $31.00 price objective on the bank’s stock, up from their previous price objective of $29.00.

A number of other research firms have also recently weighed in on CIVB. Zacks Research cut Civista Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Piper Sandler boosted their target price on shares of Civista Bancshares from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings restated a “buy (b)” rating on shares of Civista Bancshares in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded shares of Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.80.

Civista Bancshares Stock Performance

Shares of CIVB opened at $28.58 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93. Civista Bancshares has a 1-year low of $18.94 and a 1-year high of $29.38. The stock has a market cap of $593.89 million, a price-to-earnings ratio of 10.59 and a beta of 0.67. The firm has a 50 day simple moving average of $27.09 and a 200-day simple moving average of $24.80.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $47.60 million for the quarter, compared to analyst estimates of $48.08 million. Civista Bancshares had a return on equity of 10.82% and a net margin of 20.79%. Equities analysts forecast that Civista Bancshares will post 2.82 EPS for the current fiscal year.

Civista Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, August 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.5%. Civista Bancshares’s payout ratio is presently 26.67%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in Civista Bancshares by 1,092.1% during the third quarter. Wellington Management Group LLP now owns 1,474,065 shares of the bank’s stock valued at $29,938,000 after buying an additional 1,350,409 shares in the last quarter. Vanguard Group Inc. grew its stake in Civista Bancshares by 19.4% during the third quarter. Vanguard Group Inc. now owns 1,021,787 shares of the bank’s stock worth $20,752,000 after buying an additional 166,049 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Civista Bancshares by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 950,330 shares of the bank’s stock worth $21,658,000 after acquiring an additional 40,176 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Civista Bancshares by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 462,583 shares of the bank’s stock worth $10,281,000 after acquiring an additional 32,146 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Civista Bancshares by 6.7% in the 4th quarter. State Street Corp now owns 411,500 shares of the bank’s stock valued at $9,144,000 after acquiring an additional 25,672 shares during the period. Hedge funds and other institutional investors own 52.10% of the company’s stock.

Civista Bancshares News Summary

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

• Positive Sentiment: Civista beat second-quarter earnings expectations, reporting $0.69 per share versus the $0.67 consensus, with net income rising to $14.3 million from $11.0 million a year ago. Article Title
• Positive Sentiment: Management said it expects mid-single-digit loan growth in 2026, suggesting continued business expansion even as a CEO transition begins next month. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “outperform” rating and raised its price target to $31 from $29, reinforcing a constructive outlook on the shares. Article Title
• Neutral Sentiment: The company updated the record date for its previously declared third-quarter cash dividend; dividend scheduling changes usually support income-focused investors but are not a major operational catalyst. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in bearish positioning, so it is unlikely to be a major driver of the stock today. Article Title

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.