Civista Bancshares Inc. (NASDAQ:CIVB) announced a quarterly dividend on Monday, October 10th. Shareholders 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 of this dividend is Friday, October 14th.
Shares of Civista Bancshares (NASDAQ:CIVB) opened at 14.78 on Thursday. Civista Bancshares has a 12-month low of $9.75 and a 12-month high of $15.16. The firm has a market cap of $118.64 million, a P/E ratio of 9.87 and a beta of 0.65. The firm’s 50-day moving average price is $14.54 and its 200 day moving average price is $12.93.
Civista Bancshares (NASDAQ:CIVB) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. Civista Bancshares had a return on equity of 13.94% and a net margin of 23.86%. On average, equities analysts expect that Civista Bancshares will post $1.46 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. Hovde Group dropped their price objective on Civista Bancshares from $15.25 to $14.50 and set a “market perform” rating for the company in a research note on Monday, July 25th. Keefe, Bruyette & Woods increased their price objective on Civista Bancshares from $12.00 to $14.00 and gave the stock a “market perform” rating in a research note on Monday, July 25th.
In other news, Director Thomas A. Depler sold 4,002 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $14.31, for a total transaction of $57,268.62. Following the sale, the director now owns 10,294 shares in the company, valued at $147,307.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.94% of the company’s stock.
A hedge fund recently raised its stake in Civista Bancshares stock. Bridgeway Capital Management Inc. raised its stake in Civista Bancshares Inc. (NASDAQ:CIVB) by 51.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 19,100 shares of the company’s stock after buying an additional 6,500 shares during the period. Bridgeway Capital Management Inc. owned approximately 0.24% of Civista Bancshares worth $250,000 as of its most recent SEC filing. Institutional investors own 11.60% of the company’s stock.
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