DA Davidson Assumes Civista Bancshares (CIVB) at Buy

DA Davidson analyst Jeff Rulis assumes coverage on Civista Bancshares (NASDAQ: CIVB) with a Buy rating and a price target of $26.00.

The analyst comments: "Following an eventful 3Q25 that included a capital raise and deal announcement, we are encouraged by the bank's ability to show focused, positive trends in the core business. NIM traction is evident, the loan outlook should thaw soon, costs were well managed and credit is stable. We are assuming coverage of CIVB and rate the shares BUY with a $26 PT.

CIVB reported 3Q25 core EPS of $0.71, versus our $0.64 estimate and consensus at $0.60. Upside EPS variance relative to our estimate was primarily driven by a lower than expected LLP, share count, and modestly higher spread and fee income. Adjusted NIM expanded, loans fell with elevated payoffs, and credit remained stable."

For an analyst ratings summary and ratings history on Civista Bancshares click here. For more ratings news on Civista Bancshares click here.

Shares of Civista Bancshares closed at $22.18 yesterday.

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