Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham Sells 700 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 700 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $29.48, for a total transaction of $20,636.00. Following the completion of the sale, the executive vice president now directly owns 10,710 shares in the company, valued at $315,730.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp Stock Up 1.3 %

NASDAQ PEBO traded up $0.40 on Thursday, hitting $30.05. 16,360 shares of the company were exchanged, compared to its average volume of 126,116. The company has a market cap of $1.07 billion, a PE ratio of 9.00 and a beta of 0.76. Peoples Bancorp Inc. has a 12 month low of $23.05 and a 12 month high of $34.85. The stock has a fifty day moving average of $28.36 and a 200-day moving average of $29.46. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.40 per share. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 annualized dividend and a yield of 5.32%. Peoples Bancorp’s dividend payout ratio is presently 46.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Stephens reaffirmed an “equal weight” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Piper Sandler started coverage on shares of Peoples Bancorp in a research note on Friday, February 23rd. They issued an “overweight” rating and a $34.00 price objective on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. StockNews.com raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Hovde Group started coverage on shares of Peoples Bancorp in a research note on Monday, April 1st. They set a “market perform” rating and a $31.00 target price on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PEBO. Raymond James Financial Services Advisors Inc. raised its holdings in Peoples Bancorp by 136.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 78,527 shares of the bank’s stock worth $1,993,000 after buying an additional 45,328 shares during the last quarter. Brown Advisory Inc. acquired a new position in Peoples Bancorp during the third quarter worth $5,383,000. Peoples Bank OH raised its holdings in Peoples Bancorp by 0.9% during the third quarter. Peoples Bank OH now owns 609,323 shares of the bank’s stock worth $15,465,000 after buying an additional 5,721 shares during the last quarter. Inspire Investing LLC acquired a new position in Peoples Bancorp during the third quarter worth $934,000. Finally, River Oaks Capital LLC raised its holdings in Peoples Bancorp by 366.0% during the third quarter. River Oaks Capital LLC now owns 109,500 shares of the bank’s stock worth $2,779,000 after buying an additional 86,000 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.