Peoples Bancorp (NASDAQ:PEBO) Director Sells $30,600.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $30.60, for a total transaction of $30,600.00. Following the sale, the director owned 22,204 shares of the company’s stock, valued at approximately $679,442.40. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Peoples Bancorp Trading Down 1.4%

PEBO opened at $30.83 on Monday. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $33.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $30.05 and a two-hundred day simple moving average of $30.08. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.78 and a beta of 0.65.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 21st. The bank reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Peoples Bancorp had a return on equity of 9.35% and a net margin of 16.57%.The firm had revenue of $118.51 million for the quarter, compared to analyst estimates of $116.88 million. Analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, November 4th. Peoples Bancorp’s payout ratio is presently 57.34%.

Hedge Funds Weigh In On Peoples Bancorp

Several large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its holdings in Peoples Bancorp by 2.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank’s stock valued at $508,000 after purchasing an additional 400 shares during the period. Shoker Investment Counsel Inc. grew its stake in shares of Peoples Bancorp by 1.4% during the 3rd quarter. Shoker Investment Counsel Inc. now owns 29,449 shares of the bank’s stock valued at $883,000 after acquiring an additional 405 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Peoples Bancorp by 1.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,110 shares of the bank’s stock valued at $828,000 after acquiring an additional 410 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in Peoples Bancorp by 3.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank’s stock worth $337,000 after acquiring an additional 418 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Peoples Bancorp by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 22,906 shares of the bank’s stock worth $700,000 after acquiring an additional 418 shares during the period. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler cut their target price on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Zacks Research upgraded Peoples Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. DA Davidson assumed coverage on Peoples Bancorp in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $33.00 target price for the company. Finally, Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.13.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.