Civista Bancshares, Inc. (CIVB) To Go Ex-Dividend on May 5th

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Tuesday, May 5th will be given a dividend of 0.18 per share by the bank on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 5th.

Civista Bancshares has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Civista Bancshares has a 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 3.4%

NASDAQ:CIVB opened at $24.58 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $606.12 million, a price-to-earnings ratio of 9.24 and a beta of 0.64. The firm has a fifty day simple moving average of $23.28 and a two-hundred day simple moving average of $22.80. Civista Bancshares has a 12 month low of $18.94 and a 12 month high of $25.59.

Civista Bancshares (NASDAQ:CIVB) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.18. Civista Bancshares had a net margin of 18.12% and a return on equity of 10.48%. The business had revenue of $47.25 million during the quarter, compared to analysts’ expectations of $45.64 million. Analysts expect that Civista Bancshares will post 2.61 EPS for the current fiscal year.

About Civista Bancshares

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.