Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells 1,000 Shares of Stock

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

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $30.14 on Friday. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $37.07. The firm has a market capitalization of $1.07 billion, a PE ratio of 8.59 and a beta of 0.79. 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 company has a 50-day moving average price of $33.69 and a two-hundred day moving average price of $31.78.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations 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 earnings per share. Equities analysts forecast that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Institutional Investors Weigh In On Peoples Bancorp

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Peoples Bancorp by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after buying an additional 6,712 shares during the last quarter. State Street Corp increased its stake in Peoples Bancorp by 1.4% in the third quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after acquiring an additional 14,426 shares during the last quarter. Geode Capital Management LLC raised its position in Peoples Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after purchasing an additional 22,285 shares in the last quarter. American Century Companies Inc. boosted its stake in Peoples Bancorp by 26.7% in the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock worth $17,580,000 after buying an additional 123,423 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Peoples Bancorp by 153.6% during the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after acquiring an additional 213,488 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.