Dwight Eric Smith Purchases 500 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith acquired 500 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $15,000.00. Following the transaction, the director now owns 4,306 shares of the company’s stock, valued at approximately $129,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dwight Eric Smith also recently made the following trade(s):

• On Tuesday, February 13th, Dwight Eric Smith bought 500 shares of Peoples Bancorp stock. The shares were bought at an average cost of $28.15 per share, with a total value of $14,075.00.

Peoples Bancorp Stock Up 1.0 %

Shares of PEBO stock traded up $0.31 during trading hours on Thursday, hitting $30.52. 104,721 shares of the company’s stock traded hands, compared to its average volume of 125,414. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.04 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a 12-month low of $23.05 and a 12-month high of $34.85. The stock’s fifty day simple moving average is $28.54 and its two-hundred day simple moving average is $29.59.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.24%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, May 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 47.90%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PEBO shares. Piper Sandler initiated coverage on Peoples Bancorp in a research report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target for the company. Hovde Group initiated coverage on shares of Peoples Bancorp in a report on Monday, April 1st. They set a “market perform” rating and a $31.00 price objective for the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $33.00 target price (down previously from $36.00) on shares of Peoples Bancorp in a research report 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, Stephens reaffirmed an “equal weight” rating and issued a $34.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Peoples Bancorp presently has an average rating of “Hold” and a consensus target price of $33.40.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently bought and sold shares of the business. AJOVista LLC purchased a new position in Peoples Bancorp in the 4th quarter worth approximately $36,000. Allspring Global Investments Holdings LLC grew its holdings in Peoples Bancorp by 46.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock valued at $53,000 after buying an additional 663 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Peoples Bancorp in the 1st quarter worth approximately $118,000. Bfsg LLC purchased a new position in shares of Peoples Bancorp in the fourth quarter valued at $174,000. Finally, EMC Capital Management increased its position in Peoples Bancorp by 214.9% in the third quarter. EMC Capital Management now owns 7,292 shares of the bank’s stock worth $185,000 after purchasing an additional 4,976 shares during the last quarter. Hedge funds and other institutional investors 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.