Peoples Bancorp (NASDAQ:PEBO) EVP Sells $32,015.42 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 986 shares of Peoples Bancorp stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $32.47, for a total transaction of $32,015.42. Following the sale, the executive vice president owned 16,289 shares in the company, valued at $528,903.83. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $31.98 on Friday. The stock’s 50-day moving average is $32.19 and its two-hundred day moving average is $30.73. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 10.70 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. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83.

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

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.64 annualized dividend and a yield of 5.1%. Peoples Bancorp’s payout ratio is 54.85%.

Institutional Trading of Peoples Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new position in shares of Peoples Bancorp in the 3rd quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Peoples Bancorp during the third quarter worth approximately $35,000. State of Alaska Department of Revenue purchased a new stake in shares of Peoples Bancorp during the third quarter worth approximately $42,000. Strs Ohio acquired a new stake in shares of Peoples Bancorp during the first quarter worth $62,000. Finally, Accredited Wealth Management LLC grew its position in Peoples Bancorp by 524.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock valued at $65,000 after buying an additional 1,834 shares during the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.