Civista Bancshares, Inc. (NASDAQ:CIVB) to Issue $0.18 Quarterly Dividend

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 14th will be given a dividend of 0.18 per share by the bank on Tuesday, August 18th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th.

Civista Bancshares has raised its dividend by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Civista Bancshares to earn $2.93 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 24.6%.

Civista Bancshares Trading Down 1.6%

CIVB opened at $28.17 on Thursday. The firm has a market capitalization of $585.37 million, a price-to-earnings ratio of 10.36 and a beta of 0.67. Civista Bancshares has a fifty-two week low of $18.94 and a fifty-two week high of $29.38. The company’s 50 day moving average price is $26.92 and its two-hundred day moving average price is $24.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.93 and a quick ratio of 0.93.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, July 23rd. The bank reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. Civista Bancshares had a return on equity of 10.70% and a net margin of 19.73%.The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $48.08 million. As a group, research analysts predict that Civista Bancshares will post 2.82 earnings per share for the current 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.