Carol A. Schneeberger Sells 1,000 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the transaction, the director now directly owns 27,686 shares in the company, valued at $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peoples Bancorp Stock Performance

NASDAQ PEBO traded down $0.27 during trading on Wednesday, hitting $31.17. The company’s stock had a trading volume of 94,053 shares, compared to its average volume of 125,853. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. The firm has a market cap of $1.11 billion, a P/E ratio of 8.88 and a beta of 0.79. The firm has a 50 day moving average price of $33.69 and a 200 day moving average price of $31.79. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The business had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Equities research analysts forecast that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Wall Street Analyst Weigh In

PEBO has been the topic of several analyst reports. Piper Sandler lowered their price target on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Four 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, Peoples Bancorp has a consensus rating of “Hold” and an average target price of $34.25.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after acquiring an additional 370 shares during the period. CWM LLC increased its position in shares of Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the period. Quest Partners LLC raised its stake in shares of Peoples Bancorp by 20,273.3% in the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,041 shares in the last quarter. nVerses Capital LLC lifted its position in Peoples Bancorp by 322.2% in the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after purchasing an additional 2,900 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Peoples Bancorp by 223.3% during the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after buying an additional 2,738 shares in the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.

About Peoples Bancorp

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.