CIVB

Civista Bancshares

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Financial Services

industry

Banks - Regional

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

04/22/26

Business Summary

Civista Bancshares operates as a regional banking institution generating revenue primarily through net interest income and traditional banking services across local markets. The model relies on gathering deposits at competitive rates and deploying that capital into loans and other interest-earning assets to capture spread income. Its moat is relationship-driven, rooted in local market presence and customer stickiness rather than scale dominance. Cash generation ultimately depends on disciplined credit underwriting, balance sheet management, and maintaining spreads wide enough to support dividends while preserving capital.

 


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VALUATION

P/E

9.1

Market Cap ($M USD)

$593

Forward P/E

8.4

PEG

1.7

PRICE TO SALES

2.5

PRICE TO BOOK

1.1

EV / EBITDA

-

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

2.90%

Annual Payout

$0.72

Payout Ratio

25.80%

Consecutive Years of Dividend Growth

10+

5-Year Dividend Growth Rate

8.40%

Financial Health & Profitability

Earnings Per Share

$2.64

Next Year EPS Growth Estimate

$2.86

Next Year Revenue Growth Estimate

6.30%

Return on Equity (ROE)

8.50%

FREE CASH FLOW

Operating Margin

34.50%

Debt-to-Equity

0.5

Piotroski F-Score

5

Altman Z-Score

0.3

Return on Invested Capital (ROIC)

15.50%

Current Ratio

-

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

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Gainseekers Quantitative Analysis

Summary

At 9.1x earnings and 8.4x forward earnings, CIVB screens statistically cheap, but this is not a clean deep-value setup. The forward PEG of 1.7 suggests growth is not strong enough to justify multiple expansion, and the Altman Z-Score of 0.3 is a serious balance sheet red flag that cannot be ignored. While the 1.1x price-to-book implies the market is valuing the bank close to tangible equity, the combination of a weak Z-score and only 6.30% ROE signals that profitability is not robust enough to command a premium. This is not a clear mispricing; it is a low-multiple regional bank with measurable financial fragility.

AI Exposure / Tech Reliance

As a Regional Bank, CIVB operates in a sector where AI integration is more incremental than disruptive, focused on underwriting automation, fraud detection, and cost efficiency. Institutions that fail to modernize risk margin compression, especially with an 8.50% operating margin that leaves limited room for inefficiency. The competitive edge will come from digital cost control rather than transformative AI upside.

The Bull Case

A GARP or disciplined value investor could justify ownership based on capital efficiency and valuation support. The company posts a strong 15.50% ROIC despite only 6.30% ROE, implying efficient deployment of invested capital relative to its equity base. Trading at 1.1x book with a 9.1 P/E and 8.4 forward P/E, the market is pricing in very modest expectations, while the Piotroski F-Score of 5 suggests operational stability rather than deterioration. Add in a 2.90% dividend with a 0.72 payout ratio and a 10+ five-year dividend average percentage, and you have a conservatively priced regional bank offering income plus potential mean reversion if earnings stabilize.

The Bear Case

The red flags are not subtle. An Altman Z-Score of 0.3 signals elevated financial stress risk, and a Debt/Equity ratio of 34.50% combined with only an 8.50% operating margin leaves little margin for macro deterioration. The PEG Forward of 1.7 indicates growth is not compelling relative to valuation, and 8.40% short interest shows that a meaningful portion of the market is positioning for downside. With ROE stuck at 6.30% and institutional ownership at just 26.83%, this lacks the profitability strength and sponsorship typically required for sustained multiple expansion.

Market Sentiment & Smart Money

Short Interest %

1.30%

Analyst Consensus

2.29

Average Analyst Price Target

$26.83

Institutional Ownership %

63.30%

1-Year Beta

0.75

Insider Buying % (6 Mo)

2.00%%

Distance to 52-Week High

94.00%

Distance to 52-Week Low

137.70%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.