Peoples Bancorp Inc. Declares Quarterly Dividend of $0.41 (NASDAQ:PEBO)

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, January 19th. Stockholders of record on Monday, February 2nd will be given a dividend of 0.41 per share by the bank on Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, February 2nd.

Peoples Bancorp has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 10 years. Peoples Bancorp has a dividend payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peoples Bancorp to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 47.8%.

Peoples Bancorp Stock Performance

Shares of NASDAQ PEBO traded up $0.36 during mid-day trading on Tuesday, hitting $31.57. The stock had a trading volume of 363,611 shares, compared to its average volume of 251,475. The company has a 50 day moving average of $30.32 and a two-hundred day moving average of $30.07. The firm has a market cap of $1.13 billion, a PE ratio of 11.04 and a beta of 0.65. Peoples Bancorp has a twelve month low of $26.21 and a twelve month high of $33.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $117.97 million. Peoples Bancorp had a return on equity of 9.35% and a net margin of 16.57%. Research analysts predict that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Kevin R. Reeves acquired 1,250 shares of Peoples Bancorp stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of $29.11 per share, with a total value of $36,387.50. Following the completion of the transaction, the director owned 13,055 shares of the company’s stock, valued at $380,031.05. The trade was a 10.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $30.60, for a total transaction of $30,600.00. Following the transaction, the director owned 22,204 shares in the company, valued at approximately $679,442.40. The trade was a 4.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased 4,110 shares of company stock worth $118,832 in the last quarter. 3.41% of the stock is owned by company insiders.

Institutional Trading of Peoples Bancorp

A number of institutional investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its holdings in Peoples Bancorp by 2.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank’s stock worth $508,000 after buying an additional 400 shares during the last quarter. Shoker Investment Counsel Inc. increased its stake in shares of Peoples Bancorp by 1.4% during the 3rd quarter. Shoker Investment Counsel Inc. now owns 29,449 shares of the bank’s stock worth $883,000 after purchasing an additional 405 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Peoples Bancorp by 1.5% in the second quarter. Wedge Capital Management L L P NC now owns 27,110 shares of the bank’s stock valued at $828,000 after buying an additional 410 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in Peoples Bancorp by 3.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank’s stock valued at $337,000 after purchasing an additional 418 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in Peoples Bancorp by 1.9% during the second quarter. Cetera Investment Advisers now owns 22,906 shares of the bank’s stock worth $700,000 after purchasing an additional 418 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.