Civista Bancshares price target lowered to $19 from $20 at Stephens

Stephens lowered the firm’s price target on Civista Bancshares to $19 from $20 and keeps an Equal Weight rating on the shares. The company reported better than expected Q4 results that were supported by a 15% annualized loan growth and an unexpected sequential decline in expenses, the analyst tells investors in a research note.