Peoples Bancorp Inc. Buyback
OLI recorded this information on 1/29/2021
Peoples Bancorp Inc.
Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today announced that on January 28, 2021, the Peoples Board of Directors authorized a new share repurchase program authorizing Peoples to purchase, from time to time, up to an aggregate of $30 million of its outstanding common shares. This new program replaces the prior share repurchase program approved by the Board of Directors on February 27, 2020, which had authorized Peoples to purchase up to an aggregate of $40 million of its outstanding common shares and was terminated on January 28, 2021, with an aggregate of $28.4 million of Peoples common shares having been purchased through the termination date.
Peoples Bancorp is a financial holding company. Through its subsidiaries, Co. provides a line of commercial and consumer banking, insurance, investment and trust solutions, including: various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial loans, residential real estate loans, home equity lines of credit, consumer loans and Overdraft Privilege; debit and automated teller machine cards; credit cards for individuals and businesses; merchant credit card transaction processing services; safe deposit rental facilities; a range of life, health, and property and casualty insurance products; and third-party insurance administration services.
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Buy (3.17 out of 4)