Piper Sandler analyst Adam Kroll raised the firm's price target on Civista Bancshares to $27 from $25 and keeps a Neutral rating on the shares. This was a strong quarter for Civista, with greater net interest margin expansion and core fee growth driving a 12% PPNR beat, the firm says. Looking ahead, a higher net interest margin run rate coupled with at least mid-single digit balance sheet growth should drive continued profitability improvement, Piper adds.
