Civista Bancshares (CIVB) Plans $0.07 Quarterly Dividend

Civista Bancshares (NASDAQ:CIVB) declared a quarterly dividend on Tuesday, April 17th, Wall Street Journal reports. Investors of record on Tuesday, April 24th will be paid a dividend of 0.07 per share by the bank on Tuesday, May 1st. This represents a $0.28 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, April 23rd.

NASDAQ CIVB opened at $23.32 on Friday. The firm has a market capitalization of $238.07, a price-to-earnings ratio of 17.27, a PEG ratio of 1.82 and a beta of 0.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.97. Civista Bancshares has a 12-month low of $18.82 and a 12-month high of $24.69.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Friday, January 26th. The bank reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10. The firm had revenue of $18.19 million for the quarter, compared to analyst estimates of $17.71 million. Civista Bancshares had a net margin of 21.18% and a return on equity of 10.08%. sell-side analysts anticipate that Civista Bancshares will post 1.6 EPS for the current year.

A number of brokerages have recently weighed in on CIVB. Boenning Scattergood set a $24.00 price objective on shares of Civista Bancshares and gave the company a “buy” rating in a report on Thursday, March 15th. Zacks Investment Research lowered shares of Civista Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Sandler O’Neill set a $26.00 price objective on shares of Civista Bancshares and gave the company a “buy” rating in a report on Wednesday, March 14th. Hovde Group set a $24.00 price objective on shares of Civista Bancshares and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 price objective on shares of Civista Bancshares in a report on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.08.

A hedge fund recently bought a new stake in Civista Bancshares stock. State Street Corp bought a new stake in shares of Civista Bancshares (NASDAQ:CIVB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 104,138 shares of the bank’s stock, valued at approximately $2,174,000. State Street Corp owned 1.02% of Civista Bancshares at the end of the most recent reporting period. 45.16% of the stock is owned by institutional investors.

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About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that engages in the community banking business in Ohio. The company accepts noninterest-bearing and interest-bearing demand deposits, and certificates of deposit. It offers commercial, commercial and residential real estate mortgage, real estate construction, and consumer loans.

Dividend History for Civista Bancshares (NASDAQ:CIVB)

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