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

Peoples Bancorp Inc. (NASDAQ:PEBO) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Investors of record on Monday, November 4th will be given a dividend of 0.40 per share by the bank on Monday, November 18th. This represents a $1.60 annualized dividend and a yield of 5.25%.

Peoples Bancorp has increased its dividend payment by an average of 4.2% per year over the last three years. Peoples Bancorp has a payout ratio of 50.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

NASDAQ PEBO opened at $30.46 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.12 and a beta of 0.75. Peoples Bancorp has a 12-month low of $25.04 and a 12-month high of $34.85. The firm has a 50-day moving average price of $30.50 and a two-hundred day moving average price of $30.07.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. The company had revenue of $154.47 million for the quarter, compared to analyst estimates of $111.30 million. During the same quarter in the prior year, the company earned $0.83 earnings per share. Analysts anticipate that Peoples Bancorp will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the sale, the director now owns 29,963 shares of the company’s stock, valued at $908,777.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 2,121 shares of company stock worth $64,340 in the last quarter. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.