Civista Bancshares Inc. (NASDAQ:CIVB) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $14.60 and last traded at $14.54, with a volume of 54,722 shares changing hands. The stock had previously closed at $14.40.

Separately, Hovde Group raised shares of Civista Bancshares from a “market perform” rating to an “outperform” rating and raised their target price for the company from $11.75 to $12.50 in a research report on Monday, April 25th.

The company’s 50-day moving average price is $12.86 and its 200-day moving average price is $11.48. The firm has a market cap of $112.78 million and a price-to-earnings ratio of 10.92.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Friday, April 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. On average, analysts expect that Civista Bancshares Inc. will post $1.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Tuesday, July 19th will be given a dividend of $0.06 per share. This is an increase from Civista Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%.

Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.

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