Stephens raised the firm’s price target on Civista Bancshares (CIVB) to $21 from $18 and keeps an Equal Weight rating on the shares. Q3 results reflected continued progress in strengthening the funding profile, tangible capital, and rebuilding fee income, the analyst tells investors. A year of transition at Civista has impacted earnings, with 2024 operating EPS expected to be down 29%, but “the good news is we see growth resuming in 2025,” the analyst added.
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Read More on CIVB:
- Civista Bancshares Reports Q3 2024 Financial Results
- Civista Bancshares upgraded to Outperform from Market Perform at Hovde Group
- Civista Bancshares reports Q3 EPS 53c, consensus 44c
- CIVB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Civista Bancshares files $200M mixed securities shelf
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