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.

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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.

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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)

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