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

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the transaction, the director now owns 25,686 shares in the company, valued at approximately $775,717.20. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $29.30 on Wednesday. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The business has a 50 day moving average price of $31.87 and a two-hundred day moving average price of $32.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.05 billion, a PE ratio of 8.85 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same quarter last year, the firm posted $1.04 earnings per share. Sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 5.46%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Peoples Bancorp by 153.6% in the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock valued at $10,606,000 after acquiring an additional 213,488 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Peoples Bancorp by 11.8% in the 4th quarter. American Century Companies Inc. now owns 758,215 shares of the bank’s stock valued at $24,028,000 after acquiring an additional 79,818 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Peoples Bancorp in the 4th quarter valued at approximately $2,464,000. Tudor Investment Corp ET AL bought a new stake in shares of Peoples Bancorp in the 4th quarter valued at approximately $2,414,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Peoples Bancorp in the 4th quarter valued at approximately $2,122,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEBO. Piper Sandler raised their target price on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. DA Davidson dropped their target price on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Stephens reiterated an “equal weight” rating and set a $37.50 target price on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.90.

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.