Peoples Bancorp (NASDAQ:PEBO) Director Acquires $16,310.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were acquired at an average cost of $32.62 per share, for a total transaction of $16,310.00. Following the purchase, the director owned 8,199 shares of the company’s stock, valued at $267,451.38. This represents a 6.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dwight Eric Smith also recently made the following trade(s):

• On Friday, November 21st, Dwight Eric Smith acquired 200 shares of Peoples Bancorp stock. The stock was acquired at an average cost of $28.56 per share, with a total value of $5,712.00.

Peoples Bancorp Stock Performance

Peoples Bancorp stock opened at $31.40 on Monday. The company’s 50-day moving average price is $30.56 and its 200-day moving average price is $30.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.12 billion, a PE ratio of 10.50 and a beta of 0.65. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month high of $33.83.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.61%. The firm had revenue of $119.57 million during the quarter, compared to the consensus estimate of $117.97 million. On average, equities research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.64 annualized dividend and a dividend yield of 5.2%. Peoples Bancorp’s payout ratio is currently 54.85%.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in shares of Peoples Bancorp by 422.4% in the second quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank’s stock valued at $10,687,000 after acquiring an additional 282,960 shares in the last quarter. CSM Advisors LLC purchased a new position in Peoples Bancorp during the 2nd quarter valued at about $4,887,000. Millennium Management LLC raised its holdings in shares of Peoples Bancorp by 46.9% in the 3rd quarter. Millennium Management LLC now owns 400,064 shares of the bank’s stock valued at $11,998,000 after purchasing an additional 127,778 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Peoples Bancorp by 83.5% in the 2nd quarter. AQR Capital Management LLC now owns 186,501 shares of the bank’s stock valued at $5,696,000 after purchasing an additional 84,848 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Peoples Bancorp by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank’s stock worth $29,718,000 after purchasing an additional 75,231 shares during the period. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

PEBO has been the subject of several recent analyst reports. DA Davidson set a $35.00 price objective on shares of Peoples Bancorp in a research note on Wednesday. Weiss Ratings lowered shares of Peoples Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Piper Sandler cut their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.63.

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.