CIVB Stock Analysis: Civista Bancshares | NASDAQ

Checking Accounts, Savings Accounts, Commercial Loans, Digital Banking

Total Rating 40

Safety 40

Buy Signal -0.52

Banks - Regional
Industry Rotation: +6.1

Market Cap: 562M
Avg Turnover: 3.72M

Risk 3d forecast

Volatility30.0%

VaR 5^th Pctl4.69%

VaR vs Median-4.62%

Reward TTM

Sharpe Ratio1.23

Rel. Str. IBD69.7

Rel. Str. Peer Group61.3

Character TTM

Beta0.577

Beta Downside0.318

Hurst Exponent0.489

Drawdowns 3y

Max DD25.17%

CAGR/Max DD1.00

CAGR/Mean DD2.75

EPS (Earnings per Share)

EPS CAGR: 5.59%
EPS Trend: 34.1%

Last SUE: 0.40
Qual. Beats: 0

Revenue

Rev. CAGR: 4.39%
Rev. Trend: 65.3%

Last SUE: -0.29
Qual. Beats: 0

Warnings

Strong Share Dilution

Below Avwap Earnings

Tailwinds

No distinct edge detected

Seasonality 11.7 years of data

Jan -0.1% 7

Feb -0.4% 10

Mar -2.7% 11

Apr -0.1% 7

May +0.1% 7

Jun +1.7% 19

Jul +0.8% 8

Aug -2.8% 36

Sep -2.6% 30

Oct +1.4% 17

Nov +2.0% 2

Dec -2.4% 15

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: CIVB Civista Bancshares

Civista Bancshares, Inc. (CIVB) is a financial holding company founded in 1884 and headquartered in Sandusky, Ohio. Operating primarily through Civista Bank, the firm provides a full suite of commercial and retail banking services across Ohio, Southeastern Indiana, and Northern Kentucky. Its offerings include various deposit accounts, digital banking solutions, and a diversified loan portfolio spanning commercial, agricultural, residential, and construction real estate.

As a regional bank, Civista relies on a traditional spread-based business model, generating income from the difference between interest earned on loans and interest paid on deposits. Regional banks often maintain a competitive advantage by leveraging deep local market knowledge to underwrite small-to-medium enterprise (SME) loans that larger national institutions may overlook. In addition to core banking, Civista manages a securities portfolio and provides specialized services including equipment leasing and investment advisory.

For a detailed analysis of the companys valuation and growth metrics, consider reviewing the latest data on ValueRay. The company underwent a significant rebranding in 2015, changing its name from First Citizens Banc Corp to its current title to better reflect its expanding regional footprint.

Headlines to Watch Out For

Net interest margin compression impacts profitability amid rising deposit funding costs
Commercial real estate loan concentration increases exposure to regional economic downturns
Expansion into equipment leasing diversifies non-interest income beyond traditional banking
Federal Reserve interest rate policy dictates yield on variable rate loan portfolio
Asset quality stability in Ohio and Indiana markets drives credit loss provisions

Piotroski VR-10 (Strict) 4.0

Net Income: 54.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.22 > 1.0
NWC/Revenue: -1.25k% < 20% (prev -1.16k%; Δ -96.33% < -1%)
CFO/TA 0.01 > 3% & CFO 57.9m > Net Income 54.3m
Net Debt (-536.7m) to EBITDA (40.3m): -13.33 < 3
Current Ratio: 0.21 > 1.5 & < 3
Outstanding Shares: last quarter (20.8m) vs 12m ago 34.65% < -2%
Gross Margin: 65.82% > 18% (prev 62.64%; Δ 3.18% > 0.5%)
Asset Turnover: 5.30% > 50% (prev 5.89%; Δ -0.60% > 0%)
Interest Coverage Ratio: 0.40 > 6 (EBIT TTM 30.4m / Interest Expense TTM 75.9m)

Altman Z'' -3.90

A: -0.66 (Total Current Assets 765.1m - Total Current Liabilities 3.58b) / Total Assets 4.29b
B: 0.06 (Retained Earnings 261.6m / Total Assets 4.29b)
C: 0.01 (EBIT TTM 30.4m / Avg Total Assets 4.24b)
D: 0.15 (Book Value of Equity 566.8m / Total Liabilities 3.73b)
Altman-Z'' = -3.90 = D

Beneish M -3.71

DSRI: 0.29 (Receivables 14.8m/56.3m, Revenue 224.5m/246.6m)
GMI: 0.95 (GM 62.64% / 65.82%)
AQI: 1.01 (AQ_t 0.81 / AQ_t-1 0.80)
SGI: 0.91 (Revenue 224.5m / 246.6m)
TATA: -0.00 (NI 54.3m - CFO 57.9m) / TA 4.29b)
Beneish M = -3.71 (Cap -4..+1) = AAA

What is the price of CIVB shares?

As of September 27, 2026, the stock is trading at USD 27.06 with a total of 205,526 shares traded. Over the past week, the price has changed by -0.84%, over one month by -1.17%, over three months by -1.83% and over the past year by +36.10%.

Current recommended Stop Loss: 26.00 (which is 3.9% or 2 ATR below the current price).

Is CIVB a buy, sell or hold?

Civista Bancshares has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy CIVB.

StrongBuy: 3
Buy: 1
Hold: 2
Sell: 0
StrongSell: 0

What are the forecasts/targets for the CIVB price?

Analysts Target Price	31.2	15.2%

Civista Bancshares (CIVB) - Fundamental Data Overview as of 24 September 2026

Market Cap USD = 562.1m (562.1m USD * 1.0 USD.USD)
P/E Trailing = 10.0858
P/E Forward = 9.5329
P/S = 3.064
P/B = 0.9931
P/EG = 1.3731
Revenue TTM = 224.5m USD
EBIT TTM = 30.4m USD
EBITDA TTM = 40.3m USD
Long Term Debt = 108.0m USD (from longTermDebt, last quarter)
Short Term Debt = 123.5m USD (from shortTermDebt, last quarter)
Debt = 228.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -536.7m USD (calculated: Debt 228.4m - CCE 765.1m)
Enterprise Value = 25.3m USD (562.1m + Debt 228.4m - CCE 765.1m)
Interest Coverage Ratio = 0.40 (Ebit TTM 30.4m / Interest Expense TTM 75.9m)
EV/FCF = 0.45x (Enterprise Value 25.3m / FCF TTM 56.3m)
FCF Yield = 221.9% (FCF TTM 56.3m / Enterprise Value 25.3m)
FCF Margin = 25.06% (FCF TTM 56.3m / Revenue TTM 224.5m)
Net Margin = 24.20% (Net Income TTM 54.3m / Revenue TTM 224.5m)
Gross Margin = 65.82% ((Revenue TTM 224.5m - Cost of Revenue TTM 76.7m) / Revenue TTM)
Gross Margin QoQ = 54.21% (prev 67.77%)
Tobins Q-Ratio = 0.01 (Enterprise Value 25.3m / Total Assets 4.29b)
Interest Expense / Debt = 33.25% (Interest Expense 75.9m / Debt 228.4m)
Taxrate = 17.16% (11.3m / 65.6m)
NOPAT = 25.2m (EBIT 30.4m * (1 - 17.16%))
Current Ratio = 0.21 (Total Current Assets 765.1m / Total Current Liabilities 3.58b)
Debt / Equity = 0.40 (Debt 228.4m / totalStockholderEquity, last quarter 566.8m)
Debt / EBITDA = -13.33 (Net Debt -536.7m / EBITDA 40.3m)
Debt / FCF = -9.54 (Net Debt -536.7m / FCF TTM 56.3m)
Total Stockholder Equity = 540.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 54.3m / Total Assets 4.29b)
RoE = 10.05% (Net Income TTM 54.3m / Total Stockholder Equity 540.4m)
RoCE = 4.69% (EBIT 30.4m / Capital Employed (Equity 540.4m + L.T.Debt 108.0m))
RoIC = 3.05% (NOPAT 25.2m / Invested Capital 824.8m)
WACC = 13.65% (E(562.1m)/V(790.4m) * Re(8.01%) + D(228.4m)/V(790.4m) * Rd(33.25%) * (1-Tc(0.17)))
Discount Rate = 8.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.78 | Cagr: 15.10%
[DCF] Terminal Value 62.77% ; FCFF base≈52.0m ; Y1≈59.6m ; Y5≈87.8m
[DCF] Fair Price = 58.39 (EV 677.5m - Net Debt -536.7m = Equity 1.21b / Shares 20.8m; r=13.65% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 34.14 | EPS CAGR: 5.59% | SUE: 0.40 | # QB: 0
Revenue Correlation: 65.31 | Revenue CAGR: 4.39% | SUE: -0.29 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.69 | Chg30d=-0.95% | Revisions=-12% | Analysts=6
EPS current Year (2026-12-31): EPS=2.84 | Chg30d=-0.12% | Revisions=+0% | GrowthEPS=+1.7% | GrowthRev=+10.4%
EPS next Year (2027-12-31): EPS=2.91 | Chg30d=+0.52% | Revisions=+12% | GrowthEPS=+2.5% | GrowthRev=+4.6%
[Analyst] Revisions Ratio: +0% (up=7, down=7)