Civista Bancshares, Inc. (NASDAQ:CIVB – Get Free Report) declared a quarterly dividend on Friday, February 2nd, Zacks reports. Stockholders of record on Tuesday, February 13th will be given a dividend of 0.16 per share by the bank on Friday, March 1st. This represents a $0.64 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Monday, February 12th.
Civista Bancshares has raised its dividend by an average of 11.5% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Civista Bancshares has a payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings.
Civista Bancshares Stock Performance
Shares of Civista Bancshares stock opened at $15.97 on Friday. Civista Bancshares has a one year low of $14.02 and a one year high of $21.98. The company has a market cap of $250.73 million, a price-to-earnings ratio of 5.83 and a beta of 0.83. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50 day moving average price is $17.46 and its 200 day moving average price is $16.72.
Analysts Set New Price Targets
Institutional Investors Weigh In On Civista Bancshares
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Civista Bancshares by 7.6% in the second quarter. BlackRock Inc. now owns 1,167,078 shares of the bank’s stock valued at $20,307,000 after purchasing an additional 82,776 shares during the period. Vanguard Group Inc. grew its stake in shares of Civista Bancshares by 0.3% in the third quarter. Vanguard Group Inc. now owns 791,540 shares of the bank’s stock valued at $12,269,000 after buying an additional 2,101 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Civista Bancshares by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 777,851 shares of the bank’s stock valued at $14,344,000 after buying an additional 23,337 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Civista Bancshares by 8.8% in the first quarter. The Manufacturers Life Insurance Company now owns 576,602 shares of the bank’s stock valued at $13,896,000 after buying an additional 46,686 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Civista Bancshares by 1.0% in the first quarter. Wellington Management Group LLP now owns 567,121 shares of the bank’s stock valued at $9,573,000 after buying an additional 5,600 shares in the last quarter. Hedge funds and other institutional investors own 50.16% of the company’s stock.
About Civista Bancshares
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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