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

Civista Bancshares, Inc. (NASDAQ:CIVB – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 14th will be given a dividend of 0.18 per share by the bank on Tuesday, August 18th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th.

Civista Bancshares has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 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 $2.93 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 24.6%.

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Civista Bancshares Price Performance

Shares of Civista Bancshares stock opened at $28.17 on Thursday. The stock has a 50 day moving average of $26.92 and a 200 day moving average of $24.71. Civista Bancshares has a 12 month low of $18.94 and a 12 month high of $29.38. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The firm has a market cap of $585.37 million, a PE ratio of 10.36 and a beta of 0.67.

Civista Bancshares (NASDAQ:CIVB – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.02. Civista Bancshares had a return on equity of 10.70% and a net margin of 19.73%.The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $48.08 million. On average, research analysts expect that Civista Bancshares will post 2.82 EPS for the current fiscal year.

Civista Bancshares Company Profile

(Get Free Report)

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.

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