Civista Bancshares Inc. (NASDAQ:CIVB) declared a quarterly dividend on Monday, October 10th. Stockholders of record on Tuesday, October 18th will be paid a dividend of 0.06 per share on Tuesday, November 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, October 14th.
Civista Bancshares (NASDAQ:CIVB) opened at 14.77 on Tuesday. The stock’s 50 day moving average price is $14.50 and its 200-day moving average price is $12.90. Civista Bancshares has a 12 month low of $9.75 and a 12 month high of $15.16. The firm has a market capitalization of $118.56 million, a P/E ratio of 9.87 and a beta of 0.65.
Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Civista Bancshares had a net margin of 23.86% and a return on equity of 13.94%. Equities analysts forecast that Civista Bancshares will post $1.46 earnings per share for the current year.
CIVB has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on shares of Civista Bancshares from $12.00 to $14.00 and gave the company a “market perform” rating in a research report on Monday, July 25th. Hovde Group reduced their price target on shares of Civista Bancshares from $15.25 to $14.50 and set a “market perform” rating for the company in a research report on Monday, July 25th.
In related news, Director Thomas A. Depler sold 4,002 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $14.31, for a total value of $57,268.62. Following the completion of the sale, the director now directly owns 10,294 shares of the company’s stock, valued at $147,307.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 4.94% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Civista Bancshares stock. Bridgeway Capital Management Inc. raised its position in shares of Civista Bancshares Inc. (NASDAQ:CIVB) by 51.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,100 shares of the company’s stock after buying an additional 6,500 shares during the period. Bridgeway Capital Management Inc. owned about 0.24% of Civista Bancshares worth $250,000 at the end of the most recent reporting period. 11.60% of the stock is owned by institutional investors and hedge funds.
About Civista Bancshares
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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