Peoples Bancorp Inc. (NASDAQ:PEBO) Plans Quarterly Dividend of $0.42

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, October 19th. Shareholders 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 annualized dividend and a yield of 4.5%. 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 analysts expect Peoples Bancorp to earn $4.18 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 40.2%.

Peoples Bancorp Stock Up 3.0%

PEBO traded up $1.09 during trading on Tuesday, reaching $37.56. 617,914 shares of the stock traded hands, compared to its average volume of 300,127. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 11.35 and a beta of 0.62. Peoples Bancorp has a fifty-two week low of $28.01 and a fifty-two week 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 stock’s 50-day simple moving average is $38.87 and its two-hundred day simple moving average is $37.31.

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, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $124.52 million during the quarter, compared to analyst estimates of $123.40 million. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%. As a group, equities research analysts expect that Peoples Bancorp will post 3.63 EPS for the current year.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Dwight Smith acquired 1,000 shares of Peoples Bancorp stock in a transaction on Thursday, July 23rd. The shares were purchased at an average cost of $39.81 per share, with a total value of $39,810.00. Following the completion of the purchase, the director owned 10,256 shares in the company, valued at $408,291.36. The trade was a 10.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the sale, the insider directly owned 20,183 shares of the company’s stock, valued at $832,952.41. This represents a 12.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PEBO. BlackRock Inc. bought a new stake in shares of Peoples Bancorp in the second quarter worth about $128,113,000. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $10,181,000. Empowered Funds LLC acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $6,622,000. Bank of America Corp DE acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $6,477,000. Finally, Ategra Capital Management LLC bought a new position in shares of Peoples Bancorp during the 2nd quarter valued at about $3,430,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

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 government entities.

Peoples Bank offers consumer and commercial deposit accounts, residential and commercial real estate loans, consumer lending, mortgage services, treasury management and other business financing solutions. The company also provides wealth management, trust, investment and insurance services through affiliated or related 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.