Civista Bancshares, Inc. (NASDAQ:CIVB) Shareholders Set to Receive $0.18 Quarterly Dividend

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.18 per share by the bank on Tuesday, November 17th. This represents a $0.72 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Civista Bancshares has increased its dividend by an average of 0.1% per year 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. Research analysts expect Civista Bancshares to earn $2.95 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 24.4%.

Civista Bancshares Stock Performance

CIVB stock traded up $1.00 during mid-day trading on Thursday, reaching $27.75. The company had a trading volume of 79,965 shares, compared to its average volume of 112,828. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $577.03 million, a P/E ratio of 10.28 and a beta of 0.66. Civista Bancshares has a one year low of $20.87 and a one year high of $29.97. The stock’s 50-day simple moving average is $27.19 and its two-hundred day simple moving average is $26.73.

Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Thursday, October 22nd. The bank reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.07. Civista Bancshares had a net margin of 20.79% and a return on equity of 10.65%. Research analysts anticipate that Civista Bancshares will post 2.85 EPS for the current year.

Civista Bancshares Company Profile

Civista Bancshares, Inc is a financial holding company headquartered in Sandusky, Ohio. It operates primarily through Civista Bank, a community banking institution that provides financial services to individuals, families, businesses and public-sector organizations.

Civista Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate, consumer, agricultural and commercial loans.