Peoples Bancorp (NASDAQ:PEBO) Director Sells $33,920.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $33.92, for a total transaction of $33,920.00. Following the transaction, the director directly owned 21,204 shares in the company, valued at approximately $719,239.68. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $33.33 on Thursday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 11.15 and a beta of 0.68. The firm’s 50-day moving average price is $31.48 and its 200-day moving average price is $30.26. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $34.33.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%.The business had revenue of $119.57 million during the quarter, compared to analyst estimates of $117.97 million. Equities research analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, February 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 54.85%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Piper Sandler reduced their price objective on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. DA Davidson set a $35.00 price target on Peoples Bancorp in a research note on Wednesday, January 21st. Wall Street Zen raised Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings upgraded Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.63.

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently modified their holdings of PEBO. Raymond James Financial Inc. grew its holdings in shares of Peoples Bancorp by 422.4% in the second quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank’s stock valued at $10,687,000 after acquiring an additional 282,960 shares in the last quarter. CSM Advisors LLC bought a new position in Peoples Bancorp in the 2nd quarter valued at $4,887,000. UBS Group AG increased its position in shares of Peoples Bancorp by 391.8% during the 4th quarter. UBS Group AG now owns 198,742 shares of the bank’s stock valued at $5,968,000 after purchasing an additional 158,327 shares during the last quarter. Millennium Management LLC increased its position in shares of Peoples Bancorp by 46.9% during the 3rd quarter. Millennium Management LLC now owns 400,064 shares of the bank’s stock valued at $11,998,000 after purchasing an additional 127,778 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Peoples Bancorp by 83.5% during the 2nd quarter. AQR Capital Management LLC now owns 186,501 shares of the bank’s stock worth $5,696,000 after purchasing an additional 84,848 shares during the period. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.