DA Davidson Has Positive Estimate for CIVB FY2025 Earnings

Civista Bancshares, Inc. (NASDAQ:CIVB) – Equities researchers at DA Davidson boosted their FY2025 earnings estimates for Civista Bancshares in a research report issued to clients and investors on Monday, February 3rd. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $2.45 per share for the year, up from their previous estimate of $2.15. The consensus estimate for Civista Bancshares’ current full-year earnings is $2.08 per share. DA Davidson also issued estimates for Civista Bancshares’ FY2026 earnings at $2.80 EPS.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.10. Civista Bancshares had a return on equity of 8.35% and a net margin of 12.96%.

Several other equities analysts have also recently weighed in on CIVB. Keefe, Bruyette & Woods lifted their price objective on shares of Civista Bancshares from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Hovde Group raised Civista Bancshares from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, October 30th. Finally, Stephens restated an “equal weight” rating and set a $24.00 price objective on shares of Civista Bancshares in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Civista Bancshares presently has an average rating of “Moderate Buy” and an average price target of $22.50.

Civista Bancshares Stock Up 0.9 %

CIVB stock opened at $21.08 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $331.80 million, a P/E ratio of 10.44 and a beta of 0.81. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $23.69. The company’s 50 day simple moving average is $21.43 and its 200-day simple moving average is $19.38.

Institutional Investors Weigh In On Civista Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in Civista Bancshares in the second quarter worth approximately $323,000. SG Americas Securities LLC bought a new stake in Civista Bancshares in the third quarter worth approximately $102,000. Inspire Investing LLC bought a new position in shares of Civista Bancshares during the 3rd quarter valued at $926,000. Assenagon Asset Management S.A. lifted its stake in shares of Civista Bancshares by 130.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank’s stock valued at $1,131,000 after purchasing an additional 35,968 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Civista Bancshares by 4.4% in the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank’s stock worth $248,000 after purchasing an additional 589 shares in the last quarter. 52.10% of the stock is owned by hedge funds and other institutional investors.

Civista Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 4th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.23%. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.16. Civista Bancshares’s payout ratio is 31.68%.

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.