Peoples Bancorp Inc. (NASDAQ:PEBO) to Issue Quarterly Dividend of $0.34

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Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, July 22nd, NASDAQ reports. Stockholders of record on Monday, August 5th will be given a dividend of 0.34 per share by the bank on Monday, August 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, August 2nd.

Peoples Bancorp has raised its dividend payment by an average of 23.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Peoples Bancorp has a dividend payout ratio of 51.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peoples Bancorp to earn $2.97 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 45.8%.

Shares of PEBO opened at $30.89 on Friday. The firm’s 50 day simple moving average is $31.89 and its 200 day simple moving average is $32.02. The company has a market capitalization of $656.37 million, a P/E ratio of 11.70, a P/E/G ratio of 1.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.80. Peoples Bancorp has a 1-year low of $28.35 and a 1-year high of $36.92.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $51.34 million for the quarter, compared to the consensus estimate of $51.14 million. Peoples Bancorp had a net margin of 22.61% and a return on equity of 10.65%. On average, equities analysts anticipate that Peoples Bancorp will post 2.8 earnings per share for the current year.

Several research analysts have commented on PEBO shares. Zacks Investment Research downgraded shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Boenning Scattergood reissued a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, May 1st. Finally, BidaskClub raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday.

In other news, Director George W. Broughton sold 6,072 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $32.34, for a total value of $196,368.48. Following the transaction, the director now owns 134,325 shares in the company, valued at $4,344,070.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.89% of the stock is currently owned by company insiders.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

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Dividend History for Peoples Bancorp (NASDAQ:PEBO)

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