Peoples Bancorp Inc. to Issue Quarterly Dividend of $0.41 (NASDAQ:PEBO)

Key Points

• Peoples Bancorp Inc. is set to issue a quarterly dividend of $0.41 per share on November 18th, with an ex-dividend date of November 4th, reflecting an annualized dividend yield of 5.6%.
• The bank's current payout ratio stands at 49.5%, signaling that the dividend is well-covered by earnings, with expectations for a future payout ratio of 47.8% based on projected earnings of $3.43 per share.
• Institutional investors control 60.68% of Peoples Bancorp's stock, recently seeing significant increases in shares held by several firms, including CWM LLC which boosted its stake by 173.1% in the third quarter.

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) declared a quarterly dividend on Monday, October 20th. Investors of record on Tuesday, November 4th will be given a dividend of 0.41 per share by the bank on Tuesday, November 18th. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, November 4th.

Peoples Bancorp has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peoples Bancorp to earn $3.43 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 47.8%.

Peoples Bancorp Stock Performance

NASDAQ PEBO traded up $0.44 on Tuesday, hitting $29.14. 157,092 shares of the stock were exchanged, compared to its average volume of 153,703. The company has a market capitalization of $1.04 billion, a PE ratio of 9.98 and a beta of 0.63. The business's fifty day moving average is $30.08 and its 200 day moving average is $29.73. Peoples Bancorp has a 52 week low of $26.21 and a 52 week high of $37.07. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.18). Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. The firm had revenue of $115.02 million during the quarter, compared to analyst estimates of $113.20 million. Research analysts anticipate that Peoples Bancorp will post 3.28 EPS for the current fiscal year.

Insider Activity at Peoples Bancorp

In other news, Director Dwight Eric Smith acquired 1,060 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average cost of $30.27 per share, with a total value of $32,086.20. Following the completion of the purchase, the director directly owned 6,999 shares of the company's stock, valued at $211,859.73. The trade was a 17.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $30,220.00. Following the transaction, the director owned 23,767 shares of the company's stock, valued at approximately $718,238.74. This represents a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.41% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of Peoples Bancorp by 173.1% in the 3rd quarter. CWM LLC now owns 21,431 shares of the bank's stock valued at $643,000 after purchasing an additional 13,583 shares in the last quarter. Inspire Investing LLC lifted its stake in Peoples Bancorp by 19.4% in the 3rd quarter. Inspire Investing LLC now owns 15,162 shares of the bank's stock valued at $455,000 after purchasing an additional 2,461 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Peoples Bancorp by 8.0% during the third quarter. Wedge Capital Management L L P NC now owns 29,283 shares of the bank's stock worth $878,000 after buying an additional 2,173 shares during the last quarter. Moody National Bank Trust Division lifted its stake in shares of Peoples Bancorp by 38.7% in the 3rd quarter. Moody National Bank Trust Division now owns 9,472 shares of the bank's stock valued at $284,000 after acquiring an additional 2,642 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Peoples Bancorp by 2.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank's stock valued at $508,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company's stock.

About Peoples Bancorp

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

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