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

Peoples Bancorp Inc. (NASDAQ:PEBO) 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 dividend on an annualized basis and a yield of 5.10%.

Peoples Bancorp has increased its dividend payment by an average of 3.6% per year over the last three years. Peoples Bancorp has a payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Peoples Bancorp stock opened at $31.35 on Wednesday. The company’s 50 day simple moving average is $33.31 and its 200-day simple moving average is $31.92. 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 has a 1 year low of $26.74 and a 1 year high of $37.07. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 8.93 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $1.04 EPS. As a group, equities research analysts expect that Peoples Bancorp will post 3.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on PEBO. Keefe, Bruyette & Woods lifted their target price 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. Piper Sandler cut their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.25.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the transaction, the director now owns 27,686 shares of the company’s stock, valued at $858,819.72. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the sale, the director now directly owns 23,760 shares of the company’s stock, valued at $815,205.60. This trade represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,420 shares of company stock worth $424,076. Company insiders own 3.46% of the company’s stock.

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.