Civista Bancshares, Inc. (NASDAQ:CIVB – Get Free Report) announced 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 raised its dividend every year for the last 13 years. Civista Bancshares has a dividend payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Research 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 Down 3.4 %
Civista Bancshares stock opened at $16.30 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The firm has a market cap of $256.40 million, a P/E ratio of 7.00 and a beta of 0.82. The business has a fifty day moving average of $15.41 and a two-hundred day moving average of $15.32. Civista Bancshares has a twelve month low of $13.60 and a twelve month high of $19.00.
Analyst Upgrades and Downgrades
Several research firms recently commented on CIVB. Piper Sandler boosted their price objective on shares of Civista Bancshares from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $19.00 price objective (up previously from $18.00) on shares of Civista Bancshares in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.25.
Get Our Latest Stock Analysis on Civista Bancshares
Civista Bancshares Company Profile
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.
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