Peoples Bancorp Inc. (NASDAQ:PEBO) to Issue $0.34 Quarterly Dividend

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Peoples Bancorp Inc. (NASDAQ:PEBO) declared a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Monday, November 4th will be given a dividend of 0.34 per share by the bank on Monday, November 18th. This represents a $1.36 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Friday, November 1st.

Shares of Peoples Bancorp stock traded down $0.20 during trading on Wednesday, hitting $32.82. The stock had a trading volume of 460 shares, compared to its average volume of 45,000. The firm has a market cap of $677.89 million, a price-to-earnings ratio of 12.34 and a beta of 0.74. Peoples Bancorp has a 12 month low of $28.35 and a 12 month high of $35.15. The business’s 50-day moving average is $31.99 and its 200 day moving average is $31.83. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The firm had revenue of $52.15 million for the quarter, compared to analysts’ expectations of $51.98 million. Peoples Bancorp had a net margin of 22.95% and a return on equity of 10.84%. As a group, equities analysts expect that Peoples Bancorp will post 2.89 EPS for the current year.

PEBO has been the subject of several research reports. Zacks Investment Research upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. BidaskClub upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd.

In related news, Director George W. Broughton sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $32.81, for a total value of $98,430.00. Following the completion of the transaction, the director now directly owns 128,429 shares in the company, valued at $4,213,755.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.89% of the stock is currently owned by insiders.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

Read More: Equity Income

Dividend History for Peoples Bancorp (NASDAQ:PEBO)

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