Civista Bancshares Inc (NASDAQ:CIVB) announced a quarterly dividend on Tuesday, July 16th, Fidelity reports. Stockholders 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 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, July 22nd.
Civista Bancshares has increased its dividend by an average of 47.4% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Civista Bancshares has a dividend payout ratio of 25.6% indicating that 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 CIVB stock opened at $21.52 on Friday. Civista Bancshares has a 12-month low of $15.55 and a 12-month high of $25.88. The company has a market cap of $336.23 million, a P/E ratio of 11.51, a P/E/G ratio of 1.33 and a beta of 0.76. The company’s 50-day moving average price is $21.73. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.
Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Friday, May 3rd. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $27.22 million. As a group, equities research analysts predict that Civista Bancshares will post 2.02 earnings per share for the current year.
Several brokerages recently issued reports on CIVB. Keefe, Bruyette & Woods lifted their price target on shares of American International Group from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Sunday, July 7th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, BidaskClub downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Civista Bancshares presently has a consensus rating of “Hold” and a consensus price target of $25.33.
In other news, Director Gerald B. Wurm purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $21.77 per share, with a total value of $217,700.00. Following the acquisition, the director now directly owns 2,878 shares of the company’s stock, valued at approximately $62,654.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.45% of the company’s stock.
Civista Bancshares Company Profile
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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