Civista Bancshares Inc. (CIVB) to Issue Quarterly Dividend of $0.06
Civista Bancshares Inc. (NASDAQ:CIVB) declared a quarterly dividend on Monday, October 10th. Investors of record on Tuesday, October 18th will be paid a dividend of 0.06 per share on Tuesday, November 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, October 14th.
Civista Bancshares (NASDAQ:CIVB) opened at 14.77 on Tuesday. Civista Bancshares has a 12 month low of $9.75 and a 12 month high of $15.16. The stock has a market cap of $118.56 million, a PE ratio of 9.87 and a beta of 0.65. The company’s 50 day moving average price is $14.50 and its 200 day moving average price is $12.90.
Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings results on Friday, July 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Civista Bancshares had a return on equity of 13.94% and a net margin of 23.86%. Equities analysts forecast that Civista Bancshares will post $1.46 EPS for the current fiscal year.
A number of research firms have weighed in on CIVB. Hovde Group lowered their target price on Civista Bancshares from $15.25 to $14.50 and set a “market perform” rating for the company in a report on Monday, July 25th. Keefe, Bruyette & Woods upped their target price on Civista Bancshares from $12.00 to $14.00 and gave the stock a “market perform” rating in a report on Monday, July 25th.
In other news, Director Thomas A. Depler sold 4,002 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $14.31, for a total transaction of $57,268.62. Following the transaction, the director now directly owns 10,294 shares of the company’s stock, valued at $147,307.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.94% of the company’s stock.
A hedge fund recently raised its stake in Civista Bancshares stock. Bridgeway Capital Management Inc. raised its position in Civista Bancshares Inc. (NASDAQ:CIVB) by 51.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,100 shares of the company’s stock after buying an additional 6,500 shares during the period. Bridgeway Capital Management Inc. owned approximately 0.24% of Civista Bancshares worth $250,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.60% of the company’s stock.
About Civista Bancshares
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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