Peoples Bancorp (NASDAQ:PEBO) Issues Earnings Results

Peoples Bancorp (NASDAQ:PEBO) issued its quarterly earnings data on Tuesday. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period in the prior year, the company earned $1.04 earnings per share.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $31.35 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $33.31 and its 200-day simple moving average is $31.92. The company has a market cap of $1.11 billion, a PE ratio of 8.93 and a beta of 0.79. Peoples Bancorp has a 1-year low of $26.74 and a 1-year high of $37.07.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.10%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.58%.

Analysts Set New Price Targets

PEBO has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their target price on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.25.

Insider Buying and Selling

In other news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the transaction, the director now directly owns 23,760 shares in the company, valued at $815,205.60. The trade was a 14.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $34.13, for a total value of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares of the company’s stock, valued at approximately $1,000,759.86. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,420 shares of company stock worth $424,076. 3.46% of the stock is owned by corporate insiders.

About Peoples Bancorp

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.