Civista Bancshares Inc. Plans Quarterly Dividend of $0.06 (CIVB)
Civista Bancshares Inc. (NASDAQ:CIVB) declared a quarterly dividend on Monday, October 10th. Investors of record on Tuesday, October 18th will be given a dividend of 0.06 per share on Tuesday, November 1st. This represents a $0.24 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, October 14th.
Civista Bancshares (NASDAQ:CIVB) traded up 0.27% on Monday, reaching $14.77. 2,324 shares of the company traded hands. Civista Bancshares has a 52-week low of $9.75 and a 52-week high of $15.16. The firm has a market cap of $118.56 million, a P/E ratio of 9.87 and a beta of 0.65. The stock has a 50-day moving average price of $14.48 and a 200-day moving average price of $12.84.
Civista Bancshares (NASDAQ:CIVB) last announced its quarterly earnings data on Friday, July 22nd. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Civista Bancshares had a net margin of 23.86% and a return on equity of 13.94%. Analysts anticipate that Civista Bancshares will post $1.46 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on CIVB. Hovde Group decreased their price objective on shares of Civista Bancshares from $15.25 to $14.50 and set a “market perform” rating for the company in a research report on Monday, July 25th. Keefe, Bruyette & Woods lifted their price objective on shares of Civista Bancshares from $12.00 to $14.00 and gave the company a “market perform” rating in a research report on Monday, July 25th.
In other news, Director Thomas A. Depler sold 4,002 shares of Civista Bancshares stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $14.31, for a total value of $57,268.62. Following the completion of the transaction, the director now owns 10,294 shares of the company’s stock, valued at approximately $147,307.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.94% of the stock is currently owned by insiders.
An institutional investor recently raised its position in Civista Bancshares stock. Bridgeway Capital Management Inc. increased its stake in Civista Bancshares Inc. (NASDAQ:CIVB) by 51.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,100 shares of the company’s stock after buying an additional 6,500 shares during the period. Bridgeway Capital Management Inc. owned about 0.24% of Civista Bancshares worth $250,000 as of its most recent filing with the SEC. Institutional investors own 11.60% of the company’s stock.
Civista Bancshares Company Profile
Civista Bancshares, Inc is a financial holding company. The Company, through the subsidiary bank, Civista Bank, is primarily engaged in the business of community banking. Civista Bank, located in Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Madison, Montgomery, Summit, Huron, Ottawa and Richland Counties, Ohio, conducts a general banking business that involves collecting customer deposits, making loans, purchasing securities, and offering Trust services.
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