Civista Bancshares price target raised to $27 from $26 at DA Davidson

DA Davidson analyst Manuel Navas raised the firm’s price target on Civista Bancshares (CIVB) to $27 from $26 and keeps a Buy rating on the shares after its Q4 earnings beat. The company appears to have fully replaced the low-cost funding and fees from its tax refund business exit with fees growing from last year and net interest margin expansion picking up steam, the analyst tells investors in a research note.