Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger Sells 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the sale, the director now owns 27,686 shares in the company, valued at $858,819.72. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peoples Bancorp Trading Down 0.9 %

PEBO stock opened at $31.17 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $37.07. The company has a market cap of $1.11 billion, a P/E ratio of 8.88 and a beta of 0.79. The business has a fifty day moving average of $33.69 and a 200-day moving average of $31.78.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The company had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. During the same period in the prior year, the company posted $1.06 EPS. As a group, equities research analysts expect that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEBO. Piper Sandler dropped their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Shoker Investment Counsel Inc. grew its stake in shares of Peoples Bancorp by 1.2% during the third quarter. Shoker Investment Counsel Inc. now owns 31,151 shares of the bank’s stock worth $937,000 after purchasing an additional 362 shares during the period. FMR LLC grew its position in shares of Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after buying an additional 370 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Peoples Bancorp by 3.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock valued at $362,000 after acquiring an additional 381 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Peoples Bancorp by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock valued at $721,000 after acquiring an additional 626 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Peoples Bancorp by 3.1% during the 2nd quarter. Victory Capital Management Inc. now owns 35,050 shares of the bank’s stock worth $1,052,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors and hedge funds 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.