Civista Bancshares, Inc. to Issue Quarterly Dividend of $0.16 (NASDAQ:CIVB)

Civista Bancshares, Inc. (NASDAQ:CIVBGet 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

Separately, Stephens reduced their price objective on Civista Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

View Our Latest Report on Civista Bancshares

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

(Get Free Report)

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.

Read More

Dividend History for Civista Bancshares (NASDAQ:CIVB)

Receive News & Ratings for Civista Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civista Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.