Peoples Bancorp Inc. (PEBO) To Go Ex-Dividend on November 2nd

Peoples Bancorp Inc. (NASDAQ:PEBO) announced a quarterly dividend on Monday, October 19th. Investors of record on Monday, November 2nd will be paid 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 dividend payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

PEBO opened at $37.56 on Wednesday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 11.35 and a beta of 0.62. The stock’s 50 day moving average price is $38.80 and its two-hundred day moving average price is $37.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Peoples Bancorp has a 12-month low of $28.01 and a 12-month high of $42.29.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 20th. The bank reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%. The company had revenue of $124.52 million for the quarter, compared to the consensus estimate of $123.40 million. On average, equities analysts forecast that Peoples Bancorp will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

PEBO has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Peoples Bancorp in a research note on Monday, October 5th. DA Davidson cut their target price on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Piper Sandler set a $42.00 target price on shares of Peoples Bancorp in a research note on Monday, October 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Finally, Zacks Research raised shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $40.50.

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 public-sector customers.

Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated 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.