Peoples Bancorp Inc. (NASDAQ:PEBO) Director Acquires $11,108.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBOGet Rating) Director Frances A. Skinner bought 400 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The stock was purchased at an average cost of $27.77 per share, for a total transaction of $11,108.00. Following the completion of the transaction, the director now owns 2,324 shares in the company, valued at $64,537.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PEBO traded up $0.51 during midday trading on Monday, hitting $27.93. 6,564 shares of the company were exchanged, compared to its average volume of 85,786. The business has a 50 day moving average of $31.17. The stock has a market cap of $794.41 million, a price-to-earnings ratio of 13.51 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.12. Peoples Bancorp Inc. has a 1-year low of $27.39 and a 1-year high of $34.63.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last posted its earnings results on Tuesday, April 26th. The bank reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.16. Peoples Bancorp had a net margin of 20.24% and a return on equity of 10.11%. During the same quarter last year, the company posted $0.90 EPS. On average, research analysts anticipate that Peoples Bancorp Inc. will post 3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, May 9th will be paid a dividend of $0.38 per share. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Friday, May 6th. Peoples Bancorp’s dividend payout ratio is presently 69.90%.

Several research firms recently issued reports on PEBO. Raymond James downgraded Peoples Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday. Zacks Investment Research downgraded Peoples Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. B. Riley cut their price target on Peoples Bancorp from $38.00 to $36.00 in a research report on Tuesday, April 12th. Piper Sandler increased their price target on Peoples Bancorp from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. Finally, StockNews.com began coverage on Peoples Bancorp in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Peoples Bancorp by 35.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,125,483 shares of the bank’s stock worth $67,187,000 after acquiring an additional 555,813 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Peoples Bancorp by 3.6% during the 4th quarter. BlackRock Inc. now owns 1,945,979 shares of the bank’s stock worth $61,901,000 after acquiring an additional 67,121 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Peoples Bancorp by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 959,349 shares of the bank’s stock worth $30,325,000 after acquiring an additional 99,823 shares in the last quarter. State Street Corp boosted its stake in shares of Peoples Bancorp by 8.5% during the 4th quarter. State Street Corp now owns 706,375 shares of the bank’s stock worth $22,470,000 after acquiring an additional 55,359 shares in the last quarter. Finally, Private Management Group Inc. boosted its stake in shares of Peoples Bancorp by 3.2% during the 3rd quarter. Private Management Group Inc. now owns 436,586 shares of the bank’s stock worth $13,800,000 after acquiring an additional 13,373 shares in the last quarter. 48.02% of the stock is currently owned by institutional investors and hedge funds.

About Peoples Bancorp (Get Rating)

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; 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.

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