Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $32.83, for a total value of $32,830.00. Following the completion of the transaction, the director now owns 26,686 shares of the company’s stock, valued at $876,101.38. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Peoples Bancorp Stock Up 2.2 %

Shares of NASDAQ:PEBO opened at $33.41 on Wednesday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 10.09 and a beta of 0.78. The firm’s 50 day moving average price is $32.60 and its 200 day moving average price is $31.98. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the firm earned $1.04 earnings per share. As a group, equities research analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.40 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.79%. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PEBO shares. Piper Sandler increased their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. DA Davidson lowered their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.90.

Institutional Trading of Peoples Bancorp

Large investors have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in shares of Peoples Bancorp during the fourth quarter valued at $255,000. Prudential Financial Inc. lifted its holdings in Peoples Bancorp by 20.6% in the 4th quarter. Prudential Financial Inc. now owns 31,624 shares of the bank’s stock valued at $1,002,000 after purchasing an additional 5,400 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Peoples Bancorp by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,002,366 shares of the bank’s stock worth $63,455,000 after purchasing an additional 35,358 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Peoples Bancorp by 17.8% during the fourth quarter. LPL Financial LLC now owns 18,924 shares of the bank’s stock worth $600,000 after buying an additional 2,857 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Peoples Bancorp in the fourth quarter valued at approximately $241,000. 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.