Civista Bancshares, Inc. (CIVB) To Go Ex-Dividend on August 6th

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend on Friday, July 26th, Zacks reports. Stockholders of record on Tuesday, August 6th will be paid a dividend of 0.16 per share by the bank on Tuesday, August 20th. This represents a $0.64 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Tuesday, August 6th.

Civista Bancshares has increased its dividend by an average of 11.5% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Civista Bancshares has a dividend payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Civista Bancshares to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 34.0%.

Civista Bancshares Stock Performance

Shares of CIVB stock opened at $16.30 on Friday. The firm’s 50 day moving average price is $15.41 and its 200-day moving average price is $15.32. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.97 and a current ratio of 0.97. Civista Bancshares has a one year low of $13.60 and a one year high of $19.00. The firm has a market cap of $256.40 million, a P/E ratio of 7.00 and a beta of 0.82.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Monday, July 29th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Civista Bancshares had a net margin of 14.48% and a return on equity of 9.34%. The firm had revenue of $61.14 million for the quarter, compared to analyst estimates of $36.57 million. During the same period in the prior year, the business posted $0.64 EPS. As a group, equities research analysts predict that Civista Bancshares will post 1.75 EPS for the current year.

Wall Street Analysts Forecast Growth

CIVB has been the subject of several recent research reports. Piper Sandler raised their price target on shares of Civista Bancshares from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of Civista Bancshares in a research report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Civista Bancshares presently has an average rating of “Hold” and an average price target of $18.25.

About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.