Peoples Bancorp Inc. (NASDAQ:PEBO) to Issue Quarterly Dividend of $0.38

Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) declared a quarterly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Monday, February 6th will be given a dividend of 0.38 per share by the bank on Tuesday, February 21st. This represents a $1.52 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, February 3rd.

Peoples Bancorp has raised its dividend payment by an average of 4.4% annually over the last three years and has raised its dividend every year for the last 7 years. Peoples Bancorp has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peoples Bancorp to earn $3.51 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 43.3%.

Peoples Bancorp Trading Up 3.1 %

PEBO opened at $29.10 on Wednesday. Peoples Bancorp has a 52 week low of $25.63 and a 52 week high of $34.63. The business has a fifty day simple moving average of $28.86 and a 200-day simple moving average of $29.38. The firm has a market cap of $823.24 million, a P/E ratio of 8.02 and a beta of 0.83. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.14.

Peoples Bancorp (NASDAQ:PEBO – Get Rating) last released its earnings results on Tuesday, October 25th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $87.80 million during the quarter, compared to analyst estimates of $83.85 million. Peoples Bancorp had a return on equity of 13.00% and a net margin of 30.91%. On average, equities analysts expect that Peoples Bancorp will post 3.66 earnings per share for the current year.

Institutional Trading of Peoples Bancorp

A number of institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Peoples Bancorp by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 41,300 shares of the bank’s stock worth $1,099,000 after buying an additional 364 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in Peoples Bancorp by 4.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 10,909 shares of the bank’s stock worth $316,000 after buying an additional 415 shares during the last quarter. American International Group Inc. lifted its holdings in Peoples Bancorp by 3.4% during the 2nd quarter. American International Group Inc. now owns 13,022 shares of the bank’s stock worth $346,000 after buying an additional 429 shares during the last quarter. Legal & General Group Plc lifted its holdings in Peoples Bancorp by 4.8% during the 2nd quarter. Legal & General Group Plc now owns 10,396 shares of the bank’s stock worth $277,000 after buying an additional 478 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Peoples Bancorp by 0.6% during the 1st quarter. First Trust Advisors LP now owns 101,857 shares of the bank’s stock worth $3,189,000 after buying an additional 596 shares during the last quarter. 49.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Hovde Group lowered Peoples Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $34.00 to $30.00 in a report on Wednesday, October 26th. StockNews.com upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, January 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp presently has an average rating of “Hold” and an average price target of $33.50.

About Peoples Bancorp

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Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.