Peoples Bancorp Inc. (NASDAQ:PEBO) to Issue $0.41 Quarterly Dividend

Peoples Bancorp Inc. (NASDAQ:PEBOGet Free Report) 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 of this dividend is Monday, February 2nd.

Peoples Bancorp has increased its dividend 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 Price Performance

Shares of PEBO traded up $0.36 during midday trading on Tuesday, hitting $31.57. 363,606 shares of the company traded hands, compared to its average volume of 245,728. Peoples Bancorp has a one year low of $26.21 and a one year high of $33.83. The firm has a market cap of $1.13 billion, a P/E ratio of 11.04 and a beta of 0.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50-day moving average of $30.32 and a 200-day moving average of $30.07.

Peoples Bancorp (NASDAQ:PEBOGet Free Report) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a net margin of 16.57% and a return on equity of 9.35%. The business had revenue of $119.57 million for the quarter, compared to analyst estimates of $117.97 million. As a group, sell-side analysts predict that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Key Stories Impacting Peoples Bancorp

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Peoples Bancorp Company Profile

(Get Free Report)

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.

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Dividend History for Peoples Bancorp (NASDAQ:PEBO)

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