Peoples Bancorp (NASDAQ:PEBO) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Peoples Bancorp Inc. (NASDAQ:PEBO) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.39 and traded as high as $34.00. Peoples Bancorp shares last traded at $33.79, with a volume of 272,275 shares.

Analysts Set New Price Targets

PEBO has been the subject of a number of recent research reports. DA Davidson set a $35.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 21st. Piper Sandler lowered 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. Wall Street Zen raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Peoples Bancorp has an average rating of “Moderate Buy” and an average target price of $33.63.

Peoples Bancorp Stock Performance

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 11.30 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $31.74 and a 200-day simple moving average of $30.39.

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

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.41 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 4.9%. Peoples Bancorp’s dividend payout ratio is presently 54.85%.

Insider Activity at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $33.92, for a total value of $33,920.00. Following the transaction, the director directly owned 21,204 shares in the company, valued at $719,239.68. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have purchased 857 shares of company stock worth $26,991. 3.41% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in Peoples Bancorp in the third quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at $35,000. State of Alaska Department of Revenue acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at $42,000. Strs Ohio bought a new stake in shares of Peoples Bancorp in the 1st quarter valued at $62,000. Finally, Accredited Wealth Management LLC raised its stake in Peoples Bancorp by 524.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock worth $65,000 after buying an additional 1,834 shares during the period. Institutional investors own 60.68% of the company’s stock.

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.