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

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) announced a quarterly dividend on Tuesday, October 22nd, RTT News reports. Stockholders 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 dividend yield of 5.23%.

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% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of PEBO stock traded up $0.15 during trading hours on Tuesday, hitting $30.61. 114,989 shares of the company's stock were exchanged, compared to its average volume of 131,061. Peoples Bancorp has a fifty-two week low of $25.04 and a fifty-two week high of $34.85. The firm has a market cap of $1.09 billion, a P/E ratio of 8.70 and a beta of 0.75. 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 firm has a 50 day moving average of $30.53 and a two-hundred day moving average of $30.08.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its 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 net margin of 20.58% and a return on equity of 12.76%. The company had revenue of $154.47 million during the quarter, compared to analyst estimates of $111.30 million. During the same quarter last year, the business earned $0.83 EPS. Sell-side analysts forecast that Peoples Bancorp will post 3.29 EPS for the current year.

Insider Activity

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $30.36, for a total transaction of $30,360.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 2,121 shares of company stock worth $64,340 over the last ninety days. Corporate insiders own 3.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler started coverage on Peoples Bancorp in a report on Friday, October 4th. They set an "overweight" rating and a $39.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.