Peoples Bancorp Inc. (NASDAQ:PEBO) Declares $0.40 Quarterly Dividend

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, October 21st, RTT News reports. Stockholders of record on Monday, November 4th will be paid a dividend of 0.40 per share by the bank on Monday, November 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Monday, November 4th.

Peoples Bancorp has increased its dividend payment by an average of 4.2% annually over the last three years. Peoples Bancorp has a dividend payout ratio of 51.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peoples Bancorp to earn $3.20 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 50.0%.

Peoples Bancorp Trading Up 0.2 %

NASDAQ:PEBO opened at $30.83 on Friday. Peoples Bancorp has a 52 week low of $26.74 and a 52 week high of $34.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s fifty day moving average is $30.67 and its 200-day moving average is $30.25. The firm has a market cap of $1.09 billion, a P/E ratio of 8.78 and a beta of 0.74.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. During the same period last year, the business posted $1.06 EPS. Equities analysts expect that Peoples Bancorp will post 3.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price target on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.50.

Insider Transactions at Peoples Bancorp

In related news, Director David F. Dierker sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the transaction, the director now directly owns 10,330 shares of the company’s stock, valued at approximately $313,618.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,541 shares of company stock valued at $77,406 in the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.