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

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, January 20th,RTT News reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.40 per share by the bank on Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, February 3rd.

Peoples Bancorp has raised its dividend by an average of 3.6% annually over the last three years. Peoples Bancorp has a dividend payout ratio of 47.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Peoples Bancorp to earn $3.41 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 46.9%.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $32.65 on Friday. The business has a 50-day simple moving average of $32.91 and a two-hundred day simple moving average of $32.02. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp has a 52 week low of $26.74 and a 52 week high of $37.07. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.86 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period last year, the business posted $1.04 earnings per share. On average, analysts expect that Peoples Bancorp will post 3.28 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PEBO. DA Davidson lowered their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Stephens reaffirmed an “equal weight” rating and issued a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Piper Sandler lifted their target price on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Peoples Bancorp has an average rating of “Hold” and a consensus price target of $36.90.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the sale, the director now directly owns 23,760 shares of the company’s stock, valued at $815,205.60. The trade was a 14.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.13, for a total value of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares of the company’s stock, valued at $1,000,759.86. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,000 shares of company stock valued at $411,010. 3.46% of the stock is currently owned by 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.