Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) declared a quarterly dividend on Tuesday, January 21st,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 5.10%.
Peoples Bancorp has raised its dividend payment by an average of 3.6% per year 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 research 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 Performance
Shares of NASDAQ:PEBO traded up $0.05 during midday trading on Tuesday, hitting $31.35. The company's stock had a trading volume of 195,201 shares, compared to its average volume of 130,433. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.93 and a beta of 0.79. The stock's 50 day simple moving average is $33.31 and its 200 day simple moving average is $31.92. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating 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 company earned $1.04 EPS. As a group, research analysts anticipate that Peoples Bancorp will post 3.31 earnings per share for the current year.
Insiders Place Their Bets
In other Peoples Bancorp news, Director David F. Dierker sold 2,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the transaction, the director now owns 1,214 shares in the company, valued at $42,927.04. This trade represents a 62.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Craig Beam sold 4,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the transaction, the director now owns 23,760 shares of the company's stock, valued at approximately $815,205.60. This represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,420 shares of company stock worth $424,076 over the last quarter. Company insiders own 3.46% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Piper Sandler reduced their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their target price 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $34.25.
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About Peoples Bancorp
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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.
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