Peoples Bancorp Inc. (NASDAQ:PEBO) Increases Dividend to $0.42 Per Share

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, April 20th. Investors of record on Monday, May 4th will be given a dividend of 0.42 per share by the bank on Monday, May 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, May 4th. This is a 2.4% increase from Peoples Bancorp’s previous quarterly dividend of $0.41.

Peoples Bancorp has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 10 years. Peoples Bancorp has a payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Peoples Bancorp to earn $3.55 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 46.2%.

Peoples Bancorp Trading Down 1.3%

Shares of NASDAQ PEBO traded down $0.46 during trading on Tuesday, reaching $34.28. The stock had a trading volume of 546,827 shares, compared to its average volume of 231,063. Peoples Bancorp has a fifty-two week low of $26.61 and a fifty-two week high of $35.46. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day moving average price is $32.95 and its 200-day moving average price is $31.29. The company has a market cap of $1.23 billion, a P/E ratio of 11.46 and a beta of 0.64.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.02. Peoples Bancorp had a return on equity of 9.51% and a net margin of 17.27%. On average, equities research analysts predict that Peoples Bancorp will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. DA Davidson set a $35.00 target price on shares of Peoples Bancorp in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.63.

Peoples Bancorp Company Profile

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.