Civista Bancshares, Inc. (NASDAQ:CIVB) Announces Quarterly Dividend of $0.17

Civista Bancshares, Inc. (NASDAQ:CIVB) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Tuesday, November 4th will be given a dividend of 0.17 per share by the bank on Tuesday, November 18th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, November 4th.

Civista Bancshares has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Civista Bancshares to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 26.2%.

Civista Bancshares Stock Performance

NASDAQ CIVB opened at $21.55 on Thursday. The company’s 50 day moving average is $20.68 and its 200-day moving average is $21.35. The firm has a market cap of $416.13 million, a P/E ratio of 8.52 and a beta of 0.73. Civista Bancshares has a 12-month low of $17.47 and a 12-month high of $25.59. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.35.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.03). The firm had revenue of $41.40 million for the quarter, compared to analysts’ expectations of $43.07 million. Civista Bancshares had a net margin of 15.83% and a return on equity of 9.77%. Sell-side analysts predict that Civista Bancshares will post 2.28 earnings per share for the current year.

Insiders Place Their Bets

In other Civista Bancshares news, Director Nathan E. Weaks purchased 2,000 shares of the business’s stock in a transaction on Wednesday, July 30th. The stock was acquired at an average cost of $19.88 per share, for a total transaction of $39,760.00. Following the completion of the transaction, the director directly owned 8,283 shares in the company, valued at approximately $164,666.04. This represents a 31.83% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired 3,500 shares of company stock valued at $69,085 over the last ninety days. Insiders own 2.60% of the company’s stock.

Institutional Trading of Civista Bancshares

Several institutional investors have recently added to or reduced their stakes in CIVB. Federated Hermes Inc. boosted its position in Civista Bancshares by 306.6% during the second quarter. Federated Hermes Inc. now owns 1,346 shares of the bank’s stock valued at $31,000 after buying an additional 1,015 shares during the period. Caldwell Trust Co purchased a new stake in Civista Bancshares during the second quarter valued at about $32,000. CWM LLC boosted its position in Civista Bancshares by 43.7% during the 1st quarter. CWM LLC now owns 3,084 shares of the bank’s stock valued at $60,000 after buying an additional 938 shares during the period. Osaic Holdings Inc. boosted its position in Civista Bancshares by 628.2% during the 2nd quarter. Osaic Holdings Inc. now owns 3,226 shares of the bank’s stock valued at $75,000 after buying an additional 2,783 shares during the period. Finally, GAMMA Investing LLC boosted its position in Civista Bancshares by 4,003.0% during the 1st quarter. GAMMA Investing LLC now owns 4,103 shares of the bank’s stock valued at $80,000 after buying an additional 4,003 shares during the period. 52.10% of the stock is currently owned by hedge funds and other institutional investors.

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.