Civista Bancshares (NASDAQ:CIVB – Get Free Report) announced its quarterly earnings results on Monday. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05, Yahoo Finance reports. Civista Bancshares had a net margin of 16.38% and a return on equity of 10.23%. The business had revenue of $61.14 million during the quarter, compared to analyst estimates of $36.57 million. During the same quarter in the previous year, the business posted $0.64 EPS.
Civista Bancshares Trading Down 8.1 %
NASDAQ CIVB opened at $17.45 on Tuesday. The business’s fifty day moving average is $15.22 and its 200-day moving average is $15.30. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $274.49 million, a price-to-earnings ratio of 7.49 and a beta of 0.82. Civista Bancshares has a one year low of $13.60 and a one year high of $19.00.
Civista Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 6th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. Civista Bancshares’s dividend payout ratio (DPR) is presently 27.47%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Civista Bancshares
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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