Peoples Bancorp (NASDAQ:PEBO) Sets New 1-Year High – Here’s What Happened

Peoples Bancorp Inc. (NASDAQ:PEBO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $36.19 and last traded at $35.74, with a volume of 14059 shares traded. The stock had previously closed at $35.80.

Analysts Set New Price Targets

Separately, Piper Sandler cut their price objective 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $33.50.

Peoples Bancorp Stock Down 0.9 %

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 business has a fifty day moving average of $30.88 and a 200-day moving average of $30.48. The stock has a market cap of $1.26 billion, a PE ratio of 10.11 and a beta of 0.74.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period in the previous year, the business earned $1.06 EPS. Equities research analysts anticipate that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.58%.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $30,330.00. Following the sale, the director now directly owns 29,963 shares of the company’s stock, valued at approximately $908,777.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the transaction, the director now directly owns 29,963 shares of the company’s stock, valued at $908,777.79. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew Edgell sold 3,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total transaction of $103,080.00. Following the sale, the insider now directly owns 16,092 shares in the company, valued at $552,921.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,541 shares of company stock valued at $351,856 over the last 90 days. Insiders own 3.46% of the company’s stock.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in Peoples Bancorp during the second quarter worth $27,000. Innealta Capital LLC purchased a new stake in shares of Peoples Bancorp during the second quarter worth approximately $46,000. CWM LLC raised its position in shares of Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after buying an additional 1,552 shares during the last quarter. Quest Partners LLC raised its holdings in 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 acquiring an additional 3,041 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Peoples Bancorp in the third quarter valued at approximately $123,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

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.