Peoples Bancorp Inc. (NASDAQ:PEBO) CEO Sells $250,095.21 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) CEO Tyler J. Wilcox sold 8,621 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $29.01, for a total value of $250,095.21. Following the completion of the transaction, the chief executive officer now owns 40,231 shares of the company’s stock, valued at approximately $1,167,101.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Peoples Bancorp Trading Up 1.3 %

Shares of Peoples Bancorp stock opened at $29.98 on Friday. The company has a 50 day simple moving average of $28.39 and a two-hundred day simple moving average of $29.46. The firm has a market cap of $1.06 billion, a PE ratio of 8.98 and a beta of 0.76. Peoples Bancorp Inc. has a 1 year low of $23.05 and a 1 year high of $34.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be given a $0.40 dividend. The ex-dividend date is Friday, May 3rd. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 5.34%. Peoples Bancorp’s payout ratio is 46.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PEBO shares. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $33.00 price objective (down from $36.00) on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Hovde Group assumed coverage on shares of Peoples Bancorp in a research note on Monday, April 1st. They issued a “market perform” rating and a $31.00 target price on the stock. StockNews.com upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Piper Sandler began coverage on Peoples Bancorp in a research report on Friday, February 23rd. They issued an “overweight” rating and a $34.00 price objective on the stock. Finally, Stephens reissued an “equal weight” rating and set a $34.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PEBO. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Peoples Bancorp by 136.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock worth $1,993,000 after purchasing an additional 45,328 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Peoples Bancorp in the third quarter worth approximately $5,383,000. Peoples Bank OH grew its position in Peoples Bancorp by 0.9% during the third quarter. Peoples Bank OH now owns 609,323 shares of the bank’s stock valued at $15,465,000 after acquiring an additional 5,721 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Peoples Bancorp during the third quarter worth approximately $934,000. Finally, River Oaks Capital LLC lifted its holdings in shares of Peoples Bancorp by 366.0% in the 3rd quarter. River Oaks Capital LLC now owns 109,500 shares of the bank’s stock worth $2,779,000 after acquiring an additional 86,000 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

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.