Peoples Bancorp Inc. (PEBO) To Go Ex-Dividend on November 2nd

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, October 19th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.42 per share by the bank on Monday, November 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, November 2nd.

Peoples Bancorp has a payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Peoples Bancorp to earn $4.20 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 40.0%.

Peoples Bancorp Stock Performance

Shares of Peoples Bancorp stock opened at $38.57 on Friday. The business has a 50-day simple moving average of $38.41 and a 200 day simple moving average of $36.05. Peoples Bancorp has a one year low of $28.01 and a one year high of $42.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.38 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 20th. The bank reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.11. Peoples Bancorp had a return on equity of 11.10% and a net margin of 19.76%. The business had revenue of $124.52 million for the quarter, compared to analyst estimates of $123.40 million. On average, research analysts anticipate that Peoples Bancorp will post 3.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Hugh Donlon sold 2,650 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $38.12, for a total value of $101,018.00. Following the completion of the sale, the executive vice president owned 18,365 shares in the company, valued at $700,073.80. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Augenstein sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $37.88, for a total transaction of $75,760.00. Following the transaction, the executive vice president directly owned 24,885 shares in the company, valued at $942,643.80. The trade was a 7.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,650 shares of company stock valued at $300,588 in the last three months. 3.31% of the stock is currently owned by insiders.

Institutional Trading of Peoples Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Peoples Bancorp during the second quarter valued at $128,113,000. Bank of New York Mellon Corp bought a new stake in shares of Peoples Bancorp in the second quarter valued at $10,181,000. Empowered Funds LLC purchased a new position in shares of Peoples Bancorp during the 2nd quarter valued at $6,622,000. Bank of America Corp DE purchased a new position in shares of Peoples Bancorp during the 2nd quarter valued at $6,477,000. Finally, Ategra Capital Management LLC bought a new position in shares of Peoples Bancorp during the 2nd quarter worth $3,430,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

About Peoples Bancorp

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and public-sector customers.

Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.