Peoples Bancorp (NASDAQ:PEBO) Director Sells $59,446.15 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,895 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $31.37, for a total value of $59,446.15. Following the completion of the sale, the director directly owned 19,309 shares in the company, valued at $605,723.33. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $31.60 on Monday. The business has a fifty day moving average price of $32.34 and a 200-day moving average price of $30.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.14 billion, a PE ratio of 10.57 and a beta of 0.68. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $34.33.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.51%. The company had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $117.97 million. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, February 2nd. Peoples Bancorp’s dividend payout ratio is currently 54.85%.

Analysts Set New Price Targets

PEBO has been the subject of several analyst reports. DA Davidson set a $35.00 price target on shares of Peoples Bancorp in a research report on Wednesday, January 21st. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.63.

Hedge Funds Weigh In On Peoples Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in Peoples Bancorp during the third quarter valued at about $30,000. Quarry LP purchased a new position in shares of Peoples Bancorp during the 3rd quarter valued at about $35,000. State of Alaska Department of Revenue purchased a new position in shares of Peoples Bancorp during the 3rd quarter valued at about $42,000. Strs Ohio bought a new position in shares of Peoples Bancorp during the 1st quarter valued at approximately $62,000. Finally, Accredited Wealth Management LLC increased its holdings in Peoples Bancorp by 524.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock worth $65,000 after acquiring an additional 1,834 shares in the last quarter. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp

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.