Civista Bancshares, Inc. (NASDAQ:CIVB) Shares Set to Pay Quarterly Dividend of $0.18

Civista Bancshares, Inc. (NASDAQ:CIVB) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, November 3rd will be given a dividend of $0.18 per share by the bank on Tuesday, November 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Civista Bancshares has increased 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 dividend payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Civista Bancshares to earn $2.95 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 24.4%.

Civista Bancshares Price Performance

Shares of NASDAQ CIVB traded up $1.00 during mid-day trading on Thursday, reaching $27.75. 79,965 shares of the company traded hands, compared to its average volume of 112,828. Civista Bancshares has a fifty-two week low of $20.87 and a fifty-two week high of $29.97. The firm has a market cap of $577.03 million, a PE ratio of 10.28 and a beta of 0.66. The stock has a fifty day simple moving average of $27.19 and a 200-day simple moving average of $26.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.95 and a quick ratio of 0.94.

Civista Bancshares (NASDAQ:CIVB) last released its earnings results on Thursday, October 22nd. The bank reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Civista Bancshares had a return on equity of 10.65% and a net margin of 20.79%. Equities research analysts anticipate that Civista Bancshares will post 2.85 EPS for the current fiscal year.

About Civista Bancshares

Civista Bancshares, Inc is a financial holding company headquartered in Sandusky, Ohio. It operates primarily through Civista Bank, a community banking institution that provides financial services to individuals, families, businesses and public-sector organizations.

Civista Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate, consumer, agricultural and commercial loans.