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

Peoples Bancorp Inc. (NASDAQ:PEBO) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.42 per share by the bank on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, August 3rd.

Peoples Bancorp has increased its dividend payment by an average of 0.0%annually 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 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 Stock Performance

Shares of NASDAQ PEBO traded up $0.11 during midday trading on Tuesday, hitting $39.50. 594,545 shares of the company’s stock were exchanged, compared to its average volume of 276,694. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15. Peoples Bancorp has a 12 month low of $27.49 and a 12 month high of $40.50. The company’s 50 day moving average price is $36.35 and its 200 day moving average price is $34.01. The firm has a market capitalization of $1.42 billion, a PE ratio of 12.66 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.12. Peoples Bancorp had a return on equity of 9.75% and a net margin of 17.92%.The business had revenue of $121.95 million for the quarter, compared to analysts’ expectations of $120.05 million. As a group, analysts predict that Peoples Bancorp will post 3.41 earnings per share for the current fiscal year.

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.