Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells $34,130.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $34.13, for a total value of $34,130.00. Following the completion of the sale, the director now owns 29,322 shares in the company, valued at approximately $1,000,759.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Peoples Bancorp Stock Performance

NASDAQ PEBO traded up $0.27 on Friday, reaching $34.42. The stock had a trading volume of 31,742 shares, compared to its average volume of 126,313. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $1.22 billion, a P/E ratio of 9.81 and a beta of 0.74. The firm has a fifty day moving average of $30.76 and a two-hundred day moving average of $30.39. Peoples Bancorp Inc. has a 1-year low of $26.74 and a 1-year high of $35.66.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating the consensus estimate of $0.82 by $0.07. The business had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period in the prior year, the company posted $1.06 earnings per share. On average, equities research analysts anticipate that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.58%.

Analysts Set New Price Targets

Separately, Piper Sandler cut their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.50.

Hedge Funds Weigh In On Peoples Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC grew its holdings in shares of Peoples Bancorp by 808.2% during the 3rd quarter. Quest Partners LLC now owns 27,754 shares of the bank’s stock worth $835,000 after purchasing an additional 24,698 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Peoples Bancorp by 34.6% during the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after buying an additional 14,658 shares in the last quarter. Empowered Funds LLC increased its holdings in Peoples Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 136,348 shares of the bank’s stock valued at $4,103,000 after buying an additional 6,834 shares during the period. Victory Capital Management Inc. raised its position in shares of Peoples Bancorp by 6.1% in the 3rd quarter. Victory Capital Management Inc. now owns 37,200 shares of the bank’s stock valued at $1,119,000 after buying an additional 2,150 shares in the last quarter. Finally, Buckingham Capital Management Inc. lifted its holdings in shares of Peoples Bancorp by 40.2% during the 3rd quarter. Buckingham Capital Management Inc. now owns 13,389 shares of the bank’s stock worth $403,000 after acquiring an additional 3,840 shares during the period. 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.