Peoples Bancorp Inc. (PEBO) Declares $0.22 Quarterly Dividend
Peoples Bancorp Inc. (NASDAQ:PEBO) announced a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Investors of record on Friday, November 3rd will be given a dividend of 0.22 per share by the bank on Friday, November 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, November 2nd.
Peoples Bancorp (NASDAQ PEBO) traded up 2.66% during midday trading on Tuesday, hitting $33.91. The company had a trading volume of 55,880 shares. The firm has a market capitalization of $610.92 million, a P/E ratio of 18.33 and a beta of 0.78. Peoples Bancorp has a 52 week low of $24.16 and a 52 week high of $35.43. The firm’s 50 day moving average is $32.81 and its 200-day moving average is $32.20.
Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Peoples Bancorp had a net margin of 19.67% and a return on equity of 7.63%. The business had revenue of $41.68 million during the quarter, compared to analyst estimates of $40.81 million. On average, equities research analysts expect that Peoples Bancorp will post $2.03 EPS for the current fiscal year.
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In other news, Director S Craig Beam sold 975 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $34.00, for a total transaction of $33,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 12,987 shares of company stock valued at $436,142. 3.04% of the stock is currently owned by company insiders.
Several analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price target on shares of Peoples Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Peoples Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub lowered shares of Peoples Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Boenning Scattergood restated a “hold” rating on shares of Peoples Bancorp in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $35.00.
About Peoples Bancorp
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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