Civista Bancshares, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Civista Bancshares, Inc. (NASDAQ:CIVB) just released its quarterly report and things are looking bullish. It was overall a positive result, with revenues beating expectations by 2.9% to hit US$39m. Civista Bancshares also reported a statutory profit of US$0.53, which was an impressive 21% above what the analysts had forecast. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for Civista Bancshares

After the latest results, the six analysts covering Civista Bancshares are now predicting revenues of US$164.6m in 2025. If met, this would reflect a meaningful 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 4.9% to US$2.04. In the lead-up to this report, the analysts had been modelling revenues of US$159.9m and earnings per share (EPS) of US$1.84 in 2025. So it seems there's been a definite increase in optimism about Civista Bancshares' future following the latest results, with a solid gain to the earnings per share forecasts in particular.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 13% to US$21.83per share. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Civista Bancshares, with the most bullish analyst valuing it at US$25.00 and the most bearish at US$20.00 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Civista Bancshares'historical trends, as the 9.8% annualised revenue growth to the end of 2025 is roughly in line with the 9.4% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.5% annually. So although Civista Bancshares is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Civista Bancshares' earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

With that in mind, we wouldn't be too quick to come to a conclusion on Civista Bancshares. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Civista Bancshares going out to 2026, and you can see them free on our platform here..

You can also view our analysis of Civista Bancshares' balance sheet, and whether we think Civista Bancshares is carrying too much debt, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.