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.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2018/04/22/civista-bancshares-civb-plans-0-07-quarterly-dividend.html.

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)

Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply