Civista Bancshares assumed with an Overweight at Piper Sandler

Piper Sandler assumed coverage of Civista Bancshares – a bank holding company with a 43-branch footprint that spans Ohio, southeast Indiana, and Northern Kentucky – with an Overweight rating and $18 price target. The firm calls Civista a "fairly straightforward OH community bank" with a demonstrated ability to grow the balance sheet, maintain strong credit quality, and offer a lower-cost deposit profile.