Civista Bancshares Inc to Issue Quarterly Dividend of $0.07 (CIVB)

Civista Bancshares Inc (NASDAQ:CIVB) declared a quarterly dividend on Friday, January 12th, NASDAQ reports. Investors of record on Tuesday, January 23rd will be given a dividend of 0.07 per share by the bank on Thursday, February 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, January 22nd.

Civista Bancshares (NASDAQ:CIVB) opened at $22.13 on Wednesday. Civista Bancshares has a 52 week low of $18.59 and a 52 week high of $23.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $227.01, a P/E ratio of 16.89, a P/E/G ratio of 1.91 and a beta of 0.55.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $17.15 million during the quarter, compared to analysts’ expectations of $17.60 million. Civista Bancshares had a return on equity of 10.32% and a net margin of 21.56%. analysts anticipate that Civista Bancshares will post 1.23 earnings per share for the current year.

A hedge fund recently bought a new stake in Civista Bancshares stock. State Street Corp bought a new stake in Civista Bancshares Inc (NASDAQ:CIVB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 104,138 shares of the bank’s stock, valued at approximately $2,174,000. State Street Corp owned approximately 1.02% of Civista Bancshares as of its most recent SEC filing. Institutional investors own 43.77% of the company’s stock.

CIVB has been the subject of several analyst reports. Zacks Investment Research raised Civista Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $24.00 price objective on shares of Civista Bancshares in a research note on Wednesday, October 4th. Sandler O’Neill reissued a “buy” rating and issued a $25.00 price objective (up from $23.50) on shares of Civista Bancshares in a research note on Friday, October 6th. ValuEngine downgraded Civista Bancshares from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, Hovde Group set a $24.00 price objective on Civista Bancshares and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.67.

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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.

Dividend History for Civista Bancshares (NASDAQ:CIVB)

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