David F. Dierker Sells 2,000 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total value of $70,720.00. Following the transaction, the director now owns 1,214 shares in the company, valued at approximately $42,927.04. This trade represents a 62.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp Stock Performance

Shares of Peoples Bancorp stock traded up $0.03 during trading hours on Monday, hitting $35.11. 79,329 shares of the company’s stock traded hands, compared to its average volume of 126,237. The company has a fifty day simple moving average of $32.16 and a 200-day simple moving average of $31.00. 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 has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.54 and a beta of 0.74. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month high of $37.07.

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

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 worth $73,960,000 after purchasing an additional 6,712 shares during the period. Vanguard Group Inc. lifted its stake in shares of Peoples Bancorp by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock valued at $56,388,000 after buying an additional 18,272 shares in the last quarter. State Street Corp boosted its holdings in Peoples Bancorp by 1.4% in the 3rd quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock worth $30,915,000 after buying an additional 14,426 shares during the period. Geode Capital Management LLC grew its stake in Peoples Bancorp by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after buying an additional 22,285 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Peoples Bancorp by 26.7% during the second 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 in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped 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 report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.50.

Peoples Bancorp Company Profile

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.