Civista Bancshares, Inc. (CIVB) To Go Ex-Dividend on August 4th

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, August 4th will be paid a dividend of 0.18 per share by the bank on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, August 4th.

Civista Bancshares has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Civista Bancshares has a dividend payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Civista Bancshares stock opened at $29.06 on Friday. Civista Bancshares has a 12 month low of $18.94 and a 12 month high of $29.67. The stock’s 50 day moving average is $27.47 and its 200-day moving average is $25.02. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $603.87 million, a price-to-earnings ratio of 10.76 and a beta of 0.67.

Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The business had revenue of $47.60 million during the quarter, compared to analysts’ expectations of $48.08 million. Civista Bancshares had a return on equity of 10.82% and a net margin of 20.79%. Equities research analysts expect that Civista Bancshares will post 2.83 EPS 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.