Peoples Bancorp Inc. has declared a quarterly dividend of $0.41 per share, as announced on January 19, 2024. Stockholders who are on record by February 2, 2024, will receive this dividend on February 17, 2024. This marks the continuation of the company’s commitment to returning value to its shareholders, with a dividend yield of 5.2%.
The ex-dividend date is also set for February 2, 2024. Over the past three years, Peoples Bancorp has maintained an average dividend growth rate of 0.0%, while consistently increasing its dividend for the past decade. The company’s current dividend payout ratio stands at 49.5%, indicating that earnings sufficiently cover the dividend. Analysts project that Peoples Bancorp will earn $3.43 per share in the upcoming year, implying a future payout ratio of 47.8%.
Market Performance and Financial Metrics
During midday trading on February 17, 2024, shares of Peoples Bancorp (NASDAQ: PEBO) experienced a slight increase, rising by $0.36 to reach $31.57. The trading volume was 363,606 shares, surpassing the average volume of 245,728 shares. Over the past year, the stock has fluctuated between a low of $26.21 and a high of $33.83.
Peoples Bancorp holds a market capitalization of $1.13 billion, with a price-to-earnings (P/E) ratio of 11.04 and a beta of 0.65. Financial indicators also reveal a debt-to-equity ratio of 0.19, alongside a current ratio and a quick ratio, both at 0.83. The stock’s 50-day moving average is $30.32, while the 200-day moving average is $30.07.
Company Overview and Services
Based in Marietta, Ohio, Peoples Bancorp, Inc. operates as a bank holding company. Through its subsidiary, Peoples Bank, the organization provides a diverse array of commercial and consumer banking services tailored to meet the needs of individuals, businesses, and institutional clients.
Peoples Bancorp offers various deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. The bank also features digital banking platforms that facilitate secure online and mobile access for customers. On the lending side, the company provides commercial and industrial loans, commercial real estate financing, construction and agricultural loans, as well as residential mortgage offerings.
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