Civista Bancshares, Inc. (CIVB) To Go Ex-Dividend on February 10th

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Tuesday, February 10th will be given a dividend of 0.18 per share by the bank on Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, February 10th. This is a 5.9% increase from Civista Bancshares’s previous quarterly dividend of $0.17.

Civista Bancshares has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Civista Bancshares has a payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Civista Bancshares to earn $2.60 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 27.7%.

Civista Bancshares Trading Down 0.2%

Shares of CIVB stock opened at $24.83 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.96 and a current ratio of 0.96. Civista Bancshares has a 52-week low of $17.47 and a 52-week high of $25.59. The company has a market capitalization of $479.47 million, a PE ratio of 9.33 and a beta of 0.70. The business’s fifty day moving average is $23.27 and its 200 day moving average is $21.73.

Civista Bancshares (NASDAQ:CIVB) last posted its earnings results on Thursday, January 29th. The bank reported $0.75 EPS for the quarter, topping the consensus estimate of $0.61 by $0.14. The business had revenue of $46.34 million during the quarter, compared to analysts’ expectations of $45.43 million. Civista Bancshares had a return on equity of 11.14% and a net margin of 18.12%. On average, equities research analysts anticipate that Civista Bancshares will post 2.28 EPS for the current fiscal year.

About Civista Bancshares

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.