Civista Bancshares, Inc. (CIVB) to Issue Quarterly Dividend of $0.18 on August 18th

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Tuesday, August 4th will be paid a dividend of 0.18 per share by the bank on Tuesday, August 18th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 4th.

Civista Bancshares has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Civista Bancshares has a dividend payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.6%

Shares of Civista Bancshares stock opened at $29.06 on Friday. The stock has a 50 day moving average price of $27.47 and a two-hundred day moving average price of $25.02. Civista Bancshares has a 52 week low of $18.94 and a 52 week high of $29.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $603.87 million, a PE ratio of 10.76 and a beta of 0.67.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Civista Bancshares had a return on equity of 10.82% and a net margin of 20.79%.The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $48.08 million. As a group, equities analysts anticipate that Civista Bancshares will post 2.83 earnings per share for the current fiscal year.

Civista Bancshares Company Profile

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.