Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells $30,200.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares of the company’s stock, valued at approximately $775,717.20. This represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peoples Bancorp Stock Up 0.3 %

Shares of NASDAQ:PEBO opened at $29.38 on Thursday. Peoples Bancorp Inc. has a 1 year low of $26.74 and a 1 year high of $37.07. The business has a 50 day simple moving average of $31.82 and a two-hundred day simple moving average of $32.10. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.88 and a beta of 0.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

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

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.45%. Peoples Bancorp’s payout ratio is 48.34%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEBO. DA Davidson dropped their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their target price on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Stephens restated an “equal weight” rating and set a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.90.

Institutional Trading of Peoples Bancorp

A number of large investors have recently modified their holdings of PEBO. Buckingham Capital Management Inc. raised its stake in Peoples Bancorp by 40.2% in the third quarter. Buckingham Capital Management Inc. now owns 13,389 shares of the bank’s stock worth $403,000 after buying an additional 3,840 shares in the last quarter. Victory Capital Management Inc. raised its stake in Peoples Bancorp by 6.1% in the third quarter. Victory Capital Management Inc. now owns 37,200 shares of the bank’s stock worth $1,119,000 after buying an additional 2,150 shares in the last quarter. Empowered Funds LLC raised its stake in Peoples Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 136,348 shares of the bank’s stock worth $4,103,000 after buying an additional 6,834 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Peoples Bancorp by 34.6% in the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after buying an additional 14,658 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Peoples Bancorp by 808.2% in the third quarter. Quest Partners LLC now owns 27,754 shares of the bank’s stock worth $835,000 after buying an additional 24,698 shares in the last quarter. Hedge funds and other institutional investors 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.