Civista Bancshares, Inc.

NasdaqCM:CIVB Stock Report

Market Cap: US$354.7m

Civista Bancshares Valuation

Is CIVB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CIVB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIVB ($22.9) is trading below our estimate of fair value ($35.11)

Significantly Below Fair Value: CIVB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIVB?

Key metric: As CIVB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CIVB. This is calculated by dividing CIVB's market cap by their current earnings.
What is CIVB's PE Ratio?
PE Ratio11.8x
EarningsUS$30.63m
Market CapUS$354.70m

Price to Earnings Ratio vs Peers

How does CIVB's PE Ratio compare to its peers?

The above table shows the PE ratio for CIVB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.8x
FSBW FS Bancorp
9.8x1.5%US$355.7m
FRBA First Bank
9.3x1.6%US$364.6m
CZFS Citizens Financial Services
12.6x8.7%US$337.4m
SSBK Southern States Bancshares
11.3x13.1%US$364.1m
CIVB Civista Bancshares
11.8x7.5%US$354.7m

Price-To-Earnings vs Peers: CIVB is expensive based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

How does CIVB's PE Ratio compare vs other companies in the US Banks Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FRCB First Republic Bank
0.02xn/aUS$27.98m
BKGM BankGuam Holding
1xn/aUS$18.48m
SBNY Signature Bank
0.002xn/aUS$2.18m
BCBH.F Caribbean Investment Holdings
0.00001xn/aUS$132.00
No more companies available in this PE range
CIVB 11.8xIndustry Avg. 12.9xNo. of Companies92PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CIVB is good value based on its Price-To-Earnings Ratio (11.8x) compared to the US Banks industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is CIVB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIVB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: CIVB is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CIVB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$22.90
US$23.08
+0.8%
8.0%US$25.50US$21.00n/a6
Nov ’25US$20.36
US$22.00
+8.1%
6.4%US$25.00US$21.00n/a6
Oct ’25US$17.51
US$19.33
+10.4%
4.6%US$20.50US$18.00n/a6
Sep ’25US$16.97
US$19.17
+12.9%
4.4%US$20.50US$18.00n/a6
Aug ’25US$16.88
US$19.25
+14.0%
3.9%US$20.50US$18.50n/a6
Jul ’25US$14.85
US$16.75
+12.8%
6.4%US$18.00US$15.00n/a6
Jun ’25US$14.33
US$16.75
+16.9%
6.4%US$18.00US$15.00n/a6
May ’25US$14.28
US$17.00
+19.0%
6.1%US$18.00US$15.00n/a6
Apr ’25US$14.88
US$19.08
+28.2%
9.6%US$21.00US$16.00n/a6
Mar ’25US$15.00
US$19.50
+30.0%
6.5%US$21.00US$18.00n/a6
Feb ’25US$16.76
US$20.70
+23.5%
3.6%US$22.00US$20.00n/a5
Jan ’25US$18.44
US$19.70
+6.8%
9.0%US$22.00US$16.50n/a5
Dec ’24US$16.32
US$18.50
+13.4%
7.3%US$20.00US$16.50n/a5
Nov ’24US$14.52
US$18.50
+27.4%
7.3%US$20.00US$16.50US$20.365
Oct ’24US$15.50
US$21.33
+37.6%
5.2%US$22.00US$19.00US$17.516
Sep ’24US$17.21
US$21.75
+26.4%
1.8%US$22.00US$21.00US$16.976
Aug ’24US$18.26
US$21.75
+19.1%
1.8%US$22.00US$21.00US$16.886
Jul ’24US$17.40
US$20.83
+19.7%
11.9%US$25.00US$17.00US$14.856
Jun ’24US$14.77
US$20.67
+39.9%
12.7%US$25.00US$17.00US$14.336
May ’24US$15.51
US$22.20
+43.1%
6.6%US$25.00US$21.00US$14.285
Apr ’24US$16.88
US$27.00
+60.0%
12.2%US$30.00US$21.00US$14.885
Mar ’24US$21.75
US$27.67
+27.2%
6.2%US$30.00US$25.50US$15.006
Feb ’24US$21.93
US$27.67
+26.2%
6.2%US$30.00US$25.50US$16.766
Jan ’24US$22.01
US$27.86
+26.6%
6.0%US$30.00US$25.50US$18.447
Dec ’23US$22.81
US$27.86
+22.1%
6.0%US$30.00US$25.50US$16.327
Nov ’23US$23.69
US$28.00
+18.2%
6.3%US$30.00US$25.50US$14.526

Analyst Forecast: Target price is less than 20% higher than the current share price.

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