Civista Bancshares Inc (NASDAQ:CIVB) announced a quarterly dividend on Tuesday, July 16th, Fidelity reports. Shareholders of record on Tuesday, July 23rd will be paid a dividend of 0.11 per share by the bank on Thursday, August 1st. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, July 22nd.
Civista Bancshares has increased its dividend payment by an average of 47.4% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Civista Bancshares has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Civista Bancshares to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 20.6%.
Shares of NASDAQ CIVB opened at $21.24 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $331.70 million, a P/E ratio of 11.48, a P/E/G ratio of 1.32 and a beta of 0.76. The company has a fifty day moving average of $21.75. Civista Bancshares has a 52-week low of $15.55 and a 52-week high of $25.88.
Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Friday, May 3rd. The bank reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. Civista Bancshares had a net margin of 16.63% and a return on equity of 10.70%. The firm had revenue of $28.00 million for the quarter, compared to the consensus estimate of $27.22 million. As a group, equities analysts anticipate that Civista Bancshares will post 2.02 earnings per share for the current fiscal year.
CIVB has been the topic of a number of research reports. BidaskClub downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. ValuEngine upgraded shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Sunday, July 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.33.
In other Civista Bancshares news, Director Gerald B. Wurm bought 10,000 shares of Civista Bancshares stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $21.77 per share, for a total transaction of $217,700.00. Following the acquisition, the director now directly owns 2,878 shares in the company, valued at approximately $62,654.06. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.45% of the company’s stock.
About Civista Bancshares
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.
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