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SANDUSKY, Ohio - Civista Bancshares, Inc. (NASDAQ:CIVB) announced Tuesday its Board of Directors has approved a quarterly dividend of 17 cents per common share, maintaining the same payout as the previous quarter. According to InvestingPro data, the company has maintained dividend payments for 15 consecutive years, with 14 years of consecutive increases.
The dividend will be payable on August 19, 2025, to shareholders of record as of August 5, 2025, according to a company press release.
The quarterly payment represents a total distribution of approximately $3.3 million. Based on Civista’s closing stock price of $23.20 on June 30, 2025, the dividend translates to an annualized yield of 2.89%.
Civista Bancshares is a $4.1 billion financial holding company headquartered in Sandusky, Ohio. Its main subsidiary, Civista Bank, operates 42 locations across Ohio, Southeastern Indiana and Northern Kentucky, providing banking, commercial lending, mortgage, and wealth management services.
The company’s shares are traded on the NASDAQ Capital Market.
In other recent news, Civista Bancshares reported a strong financial performance for the first quarter of 2025, with earnings per share (EPS) of $0.66, surpassing the forecast of $0.51. Revenue also exceeded projections, coming in at $40.63 million against an expected $40.33 million. Additionally, Civista has announced a definitive merger agreement to acquire The Farmers Savings Bank in a cash and stock transaction valued at approximately $70.4 million. This acquisition will expand Civista’s presence in Northeast Ohio by adding two branches, $183 million in deposits, and $104 million in net loans.
Following these developments, DA Davidson adjusted its price target for Civista to $26.00 from $27.00, maintaining a Buy rating. The price target reduction was influenced by Civista’s acquisition and capital raise announcement. Meanwhile, Stephens analysts raised their price target for Civista to $25 from $24, citing the bank’s recent quarter-over-quarter expansion in net interest margin and a notable increase in earnings per share estimates for 2025. These recent developments highlight Civista’s strategic moves and financial performance, providing investors with a detailed overview of the company’s current trajectory.
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