Peoples Bancorp Inc. (PEBO) To Go Ex-Dividend on February 3rd

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, January 20th,RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, February 3rd.

Peoples Bancorp has increased its dividend payment by an average of 3.6% annually over the last three years. Peoples Bancorp has a dividend payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Peoples Bancorp to earn $3.16 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 50.6%.

Peoples Bancorp Stock Up 2.7 %

PEBO stock traded up $0.85 during trading on Wednesday, reaching $32.20. 270,811 shares of the company traded hands, compared to its average volume of 141,232. Peoples Bancorp has a 12 month low of $26.74 and a 12 month high of $37.07. The business has a 50 day simple moving average of $33.31 and a 200 day simple moving average of $31.92. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.17 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period in the prior year, the firm earned $1.04 earnings per share. On average, equities research analysts anticipate that Peoples Bancorp will post 3.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Matthew Edgell sold 3,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total value of $103,080.00. Following the sale, the insider now owns 16,092 shares in the company, valued at approximately $552,921.12. The trade was a 15.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.13, for a total value of $34,130.00. Following the sale, the director now owns 29,322 shares in the company, valued at approximately $1,000,759.86. This trade represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,420 shares of company stock valued at $424,076. Insiders own 3.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PEBO shares. Piper Sandler lifted their price target on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson cut their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Stephens restated an “equal weight” rating and issued a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and an average target price of $36.90.

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.