Peoples Bancorp Inc. (NASDAQ:PEBO – Get Free Report) declared a quarterly dividend on Monday, July 20th. Investors of record on Monday, August 3rd will be paid a dividend of 0.42 per share by the bank on Monday, August 17th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, August 3rd.
Peoples Bancorp has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Peoples Bancorp has a dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Peoples Bancorp to earn $3.71 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 45.3%.
Peoples Bancorp Price Performance
PEBO traded up $0.11 during midday trading on Tuesday, hitting $39.50. The company had a trading volume of 594,545 shares, compared to its average volume of 276,694. Peoples Bancorp has a twelve month low of $27.49 and a twelve month high of $40.50. The company has a market capitalization of $1.42 billion, a PE ratio of 12.66 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s 50-day simple moving average is $36.35 and its 200-day simple moving average is $34.01.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on PEBO shares. Hovde Group increased their price objective on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. DA Davidson boosted their target price on Peoples Bancorp from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Finally, Piper Sandler raised their price target on Peoples Bancorp from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.
Read Our Latest Report on PEBO
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.
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