Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells $31,020.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total value of $31,020.00. Following the sale, the director now owns 27,686 shares in the company, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peoples Bancorp Price Performance

Shares of PEBO opened at $30.14 on Friday. The business’s fifty day moving average is $33.69 and its 200 day moving average is $31.78. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month 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. The stock has a market cap of $1.07 billion, a P/E ratio of 8.59 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period last year, the company earned $1.06 earnings per share. Sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Institutional Trading of Peoples Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after buying an additional 370 shares in the last quarter. CWM LLC boosted its holdings in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after acquiring an additional 1,552 shares during the last quarter. Quest Partners LLC boosted its holdings in Peoples Bancorp by 20,273.3% during the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after acquiring an additional 3,041 shares during the last quarter. nVerses Capital LLC grew its stake in shares of Peoples Bancorp by 322.2% in the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of Peoples Bancorp by 223.3% in the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,738 shares during the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $34.25.

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.