Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells $34,820.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $34.82, for a total transaction of $34,820.00. Following the transaction, the director now owns 28,322 shares in the company, valued at $986,172.04. The trade was a 3.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Peoples Bancorp Price Performance

PEBO traded up $0.26 on Wednesday, reaching $35.01. 8,491 shares of the company’s stock were exchanged, compared to its average volume of 125,148. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $37.07. The stock has a market cap of $1.24 billion, a PE ratio of 9.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s fifty day moving average price is $32.87 and its 200-day moving average price is $31.25.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results 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. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The business had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. During the same period in the prior year, the business earned $1.06 earnings per share. Sell-side analysts expect that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently declared 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 4.57%. The ex-dividend date was Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Institutional Trading of Peoples Bancorp

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $27,000. FMR LLC increased its position in shares of 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 purchasing an additional 370 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $46,000. CWM LLC lifted its position 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 period. Finally, Quest Partners LLC grew its stake in shares of Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,041 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 brokerages have issued reports on PEBO. Piper Sandler cut their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently 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.