Civista Bancshares, Inc. (NASDAQ:CIVB) Plans $0.18 Quarterly Dividend

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend on Tuesday, April 21st. Stockholders of record on Tuesday, May 5th will be paid a dividend of 0.18 per share by the bank on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, May 5th.

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

Shares of CIVB opened at $23.77 on Wednesday. The company has a market capitalization of $586.17 million, a price-to-earnings ratio of 8.94 and a beta of 0.64. Civista Bancshares has a fifty-two week low of $18.94 and a fifty-two week high of $25.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50-day moving average is $23.26 and its 200-day moving average is $22.79.

Civista Bancshares (NASDAQ:CIVB) last issued its earnings results on Wednesday, April 22nd. The bank reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.17. The company had revenue of $47.25 million for the quarter, compared to the consensus estimate of $45.64 million. Civista Bancshares had a return on equity of 10.48% and a net margin of 18.12%. Equities research analysts expect that Civista Bancshares will post 2.61 EPS for the current fiscal 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.