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 Peoples Bancorp stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the completion of the sale, the director now directly owns 26,686 shares in the company, valued at $876,101.38. This represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Peoples Bancorp Trading Down 2.8 %

Shares of PEBO stock opened at $32.49 on Thursday. The stock has a market cap of $1.15 billion, a P/E ratio of 9.82 and a beta of 0.78. 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 fifty-two week low of $26.74 and a fifty-two week high of $37.07. The business has a fifty day simple moving average of $32.54 and a 200-day simple moving average of $31.98.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the prior year, the company posted $1.04 earnings per share. On average, analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Monday, February 3rd. Peoples Bancorp’s payout ratio is currently 48.34%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PEBO. Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson reduced their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Piper Sandler boosted their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.90.

Institutional Investors Weigh In On Peoples Bancorp

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp in the third quarter worth $250,000. CWM LLC increased its position in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after purchasing an additional 1,552 shares in the last quarter. Inspire Investing LLC lifted its holdings in Peoples Bancorp by 16.0% in the 3rd quarter. Inspire Investing LLC now owns 13,718 shares of the bank’s stock valued at $413,000 after purchasing an additional 1,890 shares in the last quarter. Creative Planning boosted its stake in shares of Peoples Bancorp by 36.4% during the 3rd quarter. Creative Planning now owns 32,185 shares of the bank’s stock worth $968,000 after purchasing an additional 8,594 shares during the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of Peoples Bancorp by 322.2% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after buying an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

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.