Peoples Bancorp Inc. (PEBO) to Issue Quarterly Dividend of $0.40 on February 18th

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

Peoples Bancorp has increased its dividend by an average of 3.6% per year over the last three years. Peoples Bancorp has a dividend payout ratio of 47.2% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.1 %

Shares of PEBO stock opened at $32.65 on Friday. The business has a 50-day moving average of $32.91 and a 200 day moving average of $32.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp has a 1-year low of $26.74 and a 1-year high of $37.07. The stock has a market capitalization of $1.16 billion, a PE ratio of 9.86 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last issued 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 in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts anticipate that Peoples Bancorp will post 3.28 earnings per share for the current year.

Insiders Place Their Bets

In other Peoples Bancorp news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the sale, the director now directly owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. The trade was a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now 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. Insiders sold 12,000 shares of company stock worth $411,010 over the last three months. Company insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PEBO. Keefe, Bruyette & Woods upped their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens reaffirmed an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Piper Sandler increased their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, DA Davidson reduced their target price on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and an average price target of $36.90.

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.