Peoples Bancorp Inc. (PEBO) to Distribute Quarterly Dividend of $0.42 on August 17th

Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, July 20th. Shareholders 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 4.0%. The ex-dividend date is Monday, August 3rd.

Peoples Bancorp has increased 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 50.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Peoples Bancorp to earn $3.78 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 44.4%.

Peoples Bancorp Price Performance

PEBO stock opened at $41.66 on Friday. The company’s 50-day moving average price is $37.63 and its two-hundred day moving average price is $34.63. Peoples Bancorp has a 12 month low of $27.49 and a 12 month high of $42.29. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.50 billion, a P/E ratio of 12.59 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%.The firm had revenue of $121.95 million for the quarter, compared to analysts’ expectations of $120.05 million. On average, analysts anticipate that Peoples Bancorp will post 3.56 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.