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

Peoples Bancorp Inc. (NASDAQ:PEBO) announced 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 5.23%. The ex-dividend date of this dividend is Monday, November 4th.

Peoples Bancorp has raised its dividend by an average of 4.2% annually over the last three years. Peoples Bancorp has a dividend payout ratio of 50.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Peoples Bancorp to earn $3.28 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 48.8%.

Peoples Bancorp Stock Up 0.5 %

PEBO stock opened at $30.61 on Wednesday. The company’s 50 day moving average is $30.55 and its 200 day moving average is $30.10. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 8.70 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp has a 1-year low of $25.04 and a 1-year high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same quarter in the prior year, the firm earned $1.06 EPS. Sell-side analysts predict that Peoples Bancorp will post 3.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler assumed coverage on Peoples Bancorp in a research note on Friday, October 4th. They set an “overweight” rating and a $39.00 price target for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp presently has an average rating of “Hold” and an average price target of $34.25.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total value of $30,360.00. Following the completion of the sale, the director now directly owns 10,330 shares of the company’s stock, valued at $313,618.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 2,121 shares of company stock valued at $64,340. Insiders own 3.46% of the company’s stock.

About Peoples Bancorp

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.