Peoples Bancorp Inc. (PEBO) To Go Ex-Dividend on August 3rd

Peoples Bancorp Inc. (NASDAQ:PEBO) announced 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) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, August 3rd.

Peoples Bancorp has increased its dividend payment by an average of 0.0%per year 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. Research 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 Price Performance

Shares of PEBO opened at $39.50 on Wednesday. The business’s 50-day moving average is $36.47 and its 200-day moving average is $34.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 12.66 and a beta of 0.62. Peoples Bancorp has a fifty-two week low of $27.49 and a fifty-two week high of $40.50.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. The business had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $120.05 million. Peoples Bancorp had a net margin of 17.92% and a return on equity of 9.75%. Equities research analysts expect that Peoples Bancorp will post 3.41 EPS for the current fiscal year.

About Peoples Bancorp

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.