Civista Bancshares (NASDAQ:CIVB – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05, Yahoo Finance reports. The business had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $36.57 million. Civista Bancshares had a return on equity of 10.23% and a net margin of 16.38%. During the same quarter last year, the business posted $0.64 EPS.
Civista Bancshares Stock Up 2.3 %
CIVB stock traded up $0.41 during trading on Tuesday, hitting $17.86. 814 shares of the company’s stock were exchanged, compared to its average volume of 34,598. The business has a 50-day moving average price of $15.22 and a two-hundred day moving average price of $15.30. The stock has a market capitalization of $280.94 million, a price-to-earnings ratio of 7.49 and a beta of 0.82. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $19.00. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.31.
Civista Bancshares Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, August 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.58%. The ex-dividend date is Tuesday, August 6th. Civista Bancshares’s payout ratio is 27.47%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Civista Bancshares
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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