Civista Bancshares, Inc. (NASDAQ:CIVB – Get Rating) announced a quarterly dividend on Friday, April 29th, Fidelity reports. Shareholders of record on Tuesday, May 10th will be given a dividend of 0.14 per share by the bank on Wednesday, May 25th. This represents a $0.56 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Monday, May 9th.
Civista Bancshares has raised its dividend by an average of 17.6% annually over the last three years and has increased its dividend every year for the last 11 years. Civista Bancshares has a payout ratio of 20.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Civista Bancshares to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 20.0%.
CIVB opened at $20.95 on Friday. The company has a market capitalization of $312.57 million, a price-to-earnings ratio of 8.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.91. Civista Bancshares has a 1-year low of $20.10 and a 1-year high of $25.94. The business has a 50 day moving average price of $23.36 and a two-hundred day moving average price of $24.09.
CIVB has been the topic of several research reports. StockNews.com initiated coverage on Civista Bancshares in a report on Thursday, March 31st. They issued a “buy” rating on the stock. DA Davidson reaffirmed a “buy” rating on shares of Civista Bancshares in a report on Wednesday, January 12th. Finally, Zacks Investment Research raised Civista Bancshares from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday, March 15th.
In other Civista Bancshares news, Director Allen R. Nickles sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $24.09, for a total transaction of $120,450.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 2,416 shares of company stock worth $55,314 in the last ninety days. 3.05% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its stake in Civista Bancshares by 102.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,957 shares of the bank’s stock valued at $92,000 after purchasing an additional 2,003 shares during the period. Citigroup Inc. increased its stake in shares of Civista Bancshares by 111.5% in the fourth quarter. Citigroup Inc. now owns 3,832 shares of the bank’s stock worth $94,000 after acquiring an additional 2,020 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Civista Bancshares by 51.0% in the fourth quarter. MetLife Investment Management LLC now owns 5,230 shares of the bank’s stock worth $128,000 after acquiring an additional 1,766 shares during the last quarter. UBS Group AG increased its stake in shares of Civista Bancshares by 55.8% in the third quarter. UBS Group AG now owns 7,991 shares of the bank’s stock worth $186,000 after acquiring an additional 2,862 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Civista Bancshares by 5.6% in the fourth quarter. Deutsche Bank AG now owns 9,016 shares of the bank’s stock worth $220,000 after acquiring an additional 480 shares during the last quarter. 53.04% of the stock is currently owned by institutional investors.
About Civista Bancshares (Get Rating)
Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. The company 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.
- Get a free copy of the StockNews.com research report on Civista Bancshares (CIVB)
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