Peoples Bancorp Inc. (PEBO) to Issue Quarterly Dividend of $0.40 on August 19th

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, July 22nd, Zacks reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.40 per share by the bank on Monday, August 19th. This represents a $1.60 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Monday, August 5th.

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 49.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peoples Bancorp to earn $3.35 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 47.8%.

Peoples Bancorp Price Performance

Peoples Bancorp stock opened at $30.80 on Friday. Peoples Bancorp has a 52 week low of $24.84 and a 52 week high of $34.85. The company’s 50 day moving average price is $30.30 and its two-hundred day moving average price is $29.46. 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 stock has a market cap of $1.09 billion, a P/E ratio of 9.22 and a beta of 0.76.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). Peoples Bancorp had a return on equity of 12.89% and a net margin of 20.58%. The company had revenue of $154.47 million for the quarter, compared to analysts’ expectations of $111.30 million. During the same quarter in the previous year, the business earned $0.83 EPS. On average, equities analysts predict that Peoples Bancorp will post 3.32 earnings per share for the current year.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director David F. Dierker sold 4,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $32.07, for a total value of $128,280.00. Following the completion of the transaction, the director now directly owns 13,330 shares of the company’s stock, valued at approximately $427,493.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,544 shares of company stock valued at $146,329 in the last three months. Company insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PEBO shares. Stephens restated an “equal weight” rating and set a $34.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $33.00 price target (down previously from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.00.

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.