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

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 14th will be given a dividend of 0.18 per share by the bank on Tuesday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 14th.

Civista Bancshares has raised its dividend 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Civista Bancshares to earn $2.93 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 24.6%.

Civista Bancshares Trading Down 1.6%

NASDAQ:CIVB opened at $28.17 on Thursday. Civista Bancshares has a 52 week low of $18.94 and a 52 week high of $29.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s fifty day moving average is $26.92 and its 200-day moving average is $24.71. The firm has a market cap of $585.37 million, a P/E ratio of 10.36 and a beta of 0.67.

Civista Bancshares (NASDAQ:CIVB) last announced its earnings results on Thursday, July 23rd. The bank reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $47.60 million during the quarter, compared to the consensus estimate of $48.08 million. Civista Bancshares had a net margin of 19.73% and a return on equity of 10.70%. Equities analysts expect that Civista Bancshares will post 2.82 earnings per share for the current 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.