Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker Sells 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the completion of the sale, the director now owns 10,330 shares of the company’s stock, valued at $313,618.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peoples Bancorp Trading Down 0.0 %

Shares of PEBO stock opened at $29.70 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a 12-month low of $24.84 and a 12-month high of $34.85. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.89 and a beta of 0.75. The firm’s 50 day moving average is $31.01 and its 200 day moving average is $29.83.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The firm had revenue of $154.47 million during the quarter, compared to analysts’ expectations of $111.30 million. Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. During the same quarter last year, the business earned $0.83 earnings per share. Research analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 5th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.39%. Peoples Bancorp’s dividend payout ratio is currently 47.90%.

Hedge Funds Weigh In On Peoples Bancorp

Several institutional investors have recently made changes to their positions in PEBO. Dimensional Fund Advisors LP grew its position in Peoples Bancorp by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock valued at $73,960,000 after buying an additional 6,712 shares during the period. Vanguard Group Inc. raised its position in Peoples Bancorp by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock worth $56,388,000 after acquiring an additional 18,272 shares during the period. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock worth $17,580,000 after acquiring an additional 123,423 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Peoples Bancorp by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 318,966 shares of the bank’s stock valued at $9,569,000 after acquiring an additional 4,270 shares during the period. Finally, ProShare Advisors LLC increased its stake in shares of Peoples Bancorp by 8.2% in the 1st quarter. ProShare Advisors LLC now owns 272,372 shares of the bank’s stock worth $8,065,000 after purchasing an additional 20,732 shares in the last quarter. 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.