Peoples Bancorp Inc. (NASDAQ:PEBO) announced a quarterly dividend on Tuesday, July 25th, Wall Street Journal reports. Shareholders of record on Friday, August 4th will be paid a dividend of 0.22 per share by the bank on Friday, August 18th. This represents a $0.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Peoples Bancorp’s previous quarterly dividend of $0.20.
Shares of Peoples Bancorp (NASDAQ PEBO) opened at 30.51 on Friday. Peoples Bancorp has a one year low of $23.12 and a one year high of $35.43. The firm has a 50 day moving average price of $31.86 and a 200 day moving average price of $32.07. The stock has a market capitalization of $549.67 million, a PE ratio of 16.49 and a beta of 0.76.
Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Peoples Bancorp had a return on equity of 7.63% and a net margin of 19.67%. The business had revenue of $41.68 million during the quarter, compared to analysts’ expectations of $40.81 million. Analysts predict that Peoples Bancorp will post $2.03 earnings per share for the current fiscal year.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Peoples Bancorp from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research note on Friday, July 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Peoples Bancorp in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reaffirmed a “neutral” rating on shares of Peoples Bancorp in a research note on Tuesday, July 25th. BidaskClub lowered Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, ValuEngine upgraded Peoples Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Peoples Bancorp currently has an average rating of “Hold” and a consensus target price of $34.33.
In related news, Director Terry Thomas Sweet bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was purchased at an average cost of $31.18 per share, for a total transaction of $31,180.00. Following the completion of the acquisition, the director now owns 2,427 shares in the company, valued at approximately $75,673.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.04% of the company’s stock.
Peoples Bancorp Company Profile
Peoples Bancorp Inc is a financial holding company. The Company operates principally through its subsidiary, Peoples Bank. Peoples Bank’s operating subsidiaries include Peoples Insurance Agency, LLC (Peoples Insurance) and two asset management companies, PBNA, LLC. and Peoples Tax Credit Equity, LLC.
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