Civista Bancshares (CIVB) Announces $0.07 Quarterly Dividend

Civista Bancshares (NASDAQ:CIVB) announced a quarterly dividend on Tuesday, April 17th, Wall Street Journal reports. Shareholders of record on Tuesday, April 24th will be paid a dividend of 0.07 per share by the bank on Tuesday, May 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, April 23rd.

Shares of Civista Bancshares stock traded down $0.02 during trading hours on Tuesday, reaching $23.19. The company’s stock had a trading volume of 8,058 shares, compared to its average volume of 31,461. Civista Bancshares has a one year low of $18.82 and a one year high of $24.69. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $234.40, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.79 and a beta of 0.39.

How to Become a New Pot Stock Millionaire

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Friday, January 26th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Civista Bancshares had a net margin of 21.18% and a return on equity of 10.08%. The firm had revenue of $18.19 million for the quarter, compared to the consensus estimate of $17.71 million. sell-side analysts expect that Civista Bancshares will post 1.6 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Civista Bancshares stock. State Street Corp acquired a new stake in Civista Bancshares (NASDAQ:CIVB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 104,138 shares of the bank’s stock, valued at approximately $2,174,000. State Street Corp owned 1.02% of Civista Bancshares at the end of the most recent reporting period. Hedge funds and other institutional investors own 45.16% of the company’s stock.

A number of equities analysts recently commented on CIVB shares. Zacks Investment Research cut shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Sandler O’Neill set a $26.00 price target on shares of Civista Bancshares and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Boenning Scattergood set a $24.00 price target on shares of Civista Bancshares and gave the stock a “buy” rating in a research note on Thursday, March 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 price target on shares of Civista Bancshares in a research note on Friday, January 26th. Finally, Hovde Group set a $24.00 price target on shares of Civista Bancshares and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.08.

ILLEGAL ACTIVITY WARNING: This report was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at

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.

Dividend History for Civista Bancshares (NASDAQ:CIVB)

Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with's FREE daily email newsletter.

Leave a Reply