Civista Bancshares (NASDAQ:CIVB – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09, Yahoo Finance reports. The company had revenue of $62.43 million during the quarter, compared to analyst estimates of $37.60 million. Civista Bancshares had a return on equity of 9.24% and a net margin of 14.48%. During the same quarter last year, the firm posted $0.66 EPS.
Civista Bancshares Price Performance
CIVB traded up $1.12 on Wednesday, reaching $19.86. The company had a trading volume of 61,753 shares, compared to its average volume of 38,596. Civista Bancshares has a 52-week low of $13.60 and a 52-week high of $20.17. The company has a market cap of $312.34 million, a price-to-earnings ratio of 8.52 and a beta of 0.80. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50 day simple moving average of $17.47 and a 200 day simple moving average of $16.02.
Civista Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, November 5th. Civista Bancshares’s payout ratio is 27.47%.
Analysts Set New Price Targets
View Our Latest Report on CIVB
Insiders Place Their Bets
In other news, Director Julie A. Mattlin bought 2,000 shares of Civista Bancshares stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $15.60 per share, with a total value of $31,200.00. Following the completion of the purchase, the director now directly owns 12,442 shares in the company, valued at $194,095.20. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.01% of the company’s stock.
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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