FY2025 EPS Forecast for Civista Bancshares Raised by Analyst

Civista Bancshares, Inc. (NASDAQ:CIVB - Free Report) - Analysts at DA Davidson upped their FY2025 earnings estimates for Civista Bancshares in a research report issued on Monday, February 3rd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $2.45 per share for the year, up from their prior estimate of $2.15. 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 $2.80 EPS.

Civista Bancshares (NASDAQ:CIVB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.10. Civista Bancshares had a net margin of 12.96% and a return on equity of 8.35%.

A number of other analysts also recently weighed in on CIVB. StockNews.com raised shares of Civista Bancshares from a "hold" rating to a "buy" rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their target price 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. Stephens reaffirmed an "equal weight" rating and set a $24.00 price target on shares of Civista Bancshares in a research report on Friday, January 31st. Finally, Hovde Group raised Civista Bancshares from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.50.

Civista Bancshares Stock Up 0.1 %

CIVB traded up $0.02 on Wednesday, reaching $21.46. The company's stock had a trading volume of 91,276 shares, compared to its average volume of 48,266. Civista Bancshares has a 1 year low of $13.60 and a 1 year high of $23.69. The business's 50 day moving average is $21.31 and its 200 day moving average is $19.45. 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 stock has a market cap of $337.78 million, a price-to-earnings ratio of 10.62 and a beta of 0.81.

Civista Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 4th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $0.68 annualized dividend and a yield of 3.17%. This is an increase from Civista Bancshares's previous quarterly dividend of $0.16. Civista Bancshares's dividend payout ratio is presently 33.66%.

Hedge Funds Weigh In On Civista Bancshares

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in Civista Bancshares during the second quarter worth about $323,000. SG Americas Securities LLC bought a new position in shares of Civista Bancshares during the 3rd quarter valued at about $102,000. Inspire Investing LLC acquired a new stake in Civista Bancshares during the third quarter valued at approximately $926,000. Assenagon Asset Management S.A. boosted its holdings in Civista Bancshares by 130.8% during the third quarter. Assenagon Asset Management S.A. now owns 63,456 shares of the bank's stock worth $1,131,000 after buying an additional 35,968 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Civista Bancshares by 4.4% during the third quarter. Los Angeles Capital Management LLC now owns 13,940 shares of the bank's stock worth $248,000 after buying an additional 589 shares in the last quarter. Institutional investors and hedge funds 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.