Civista Bancshares, Inc. (NASDAQ:CIVB – Get Free Report) declared a quarterly dividend on Friday, April 26th, investing.com reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.16 per share by the bank on Wednesday, May 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Monday, May 6th.
Civista Bancshares has raised 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 1 years. Civista Bancshares has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Civista Bancshares to earn $2.04 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 31.4%.
Civista Bancshares Trading Down 0.4 %
Shares of CIVB opened at $14.22 on Friday. Civista Bancshares has a 1 year low of $13.99 and a 1 year high of $19.80. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.22. The stock has a 50 day simple moving average of $14.82 and a 200-day simple moving average of $15.87. The stock has a market cap of $223.11 million, a PE ratio of 6.10 and a beta of 0.79.
Analyst Upgrades and Downgrades
CIVB has been the topic of a number of research analyst reports. Piper Sandler initiated coverage on Civista Bancshares in a research report on Wednesday, February 21st. They set a “neutral” rating and a $18.00 price target on the stock. Hovde Group initiated coverage on Civista Bancshares in a research report on Monday, April 1st. They set a “market perform” rating and a $16.00 price target on the stock. TheStreet lowered Civista Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, March 7th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price target (down from $21.00) on shares of Civista Bancshares in a research report on Wednesday. Finally, Stephens decreased their price target on Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.75.
Get Our Latest Stock Analysis on Civista Bancshares
Insider Buying and Selling at Civista Bancshares
In other news, SVP Michael D. Mulford acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $15.82 per share, for a total transaction of $31,640.00. Following the transaction, the senior vice president now owns 2,000 shares of the company’s stock, valued at $31,640. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.01% of the company’s stock.
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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