Civista Bancshares, Inc. Announces Quarterly Dividend of $0.18 (NASDAQ:CIVB)

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Tuesday, April 21st. Investors of record on Tuesday, May 5th will be paid a dividend of 0.18 per share by the bank on Tuesday, May 19th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, May 5th.

Civista Bancshares has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Civista Bancshares has a dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Civista Bancshares to earn $2.91 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 24.7%.

Civista Bancshares Stock Performance

Shares of NASDAQ CIVB opened at $23.77 on Wednesday. The firm has a 50 day moving average of $23.26 and a 200 day moving average of $22.79. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $586.17 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. Civista Bancshares has a 12-month low of $18.94 and a 12-month high of $25.59.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.17. The company had revenue of $47.25 million during the quarter, compared to analyst estimates of $45.64 million. Civista Bancshares had a net margin of 18.12% and a return on equity of 10.48%. On average, research analysts anticipate that Civista Bancshares will post 2.61 earnings per share for the current year.

About Civista Bancshares

Civista Bancshares, Inc is a bank holding company headquartered in Saginaw, Michigan, operating through its wholly owned subsidiary, Civista Bank. The company offers a full suite of commercial and retail banking products and services to individuals, small- and mid-sized businesses, governmental entities and nonprofit organizations. Core offerings include deposit accounts, commercial and industrial loans, consumer and residential real estate mortgages, master-planned construction financing and treasury management solutions.

Beyond traditional banking, Civista Bancshares provides wealth management, trust and investment advisory services under the Civista Wealth Enterprises brand.