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 Monday, February 10th. The shares were sold at an average price of $32.83, for a total transaction of $32,830.00. Following the completion of the transaction, the director now directly owns 26,686 shares of the company’s stock, valued at $876,101.38. This represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $32.49 on Thursday. The stock’s 50-day simple moving average is $32.54 and its 200-day simple moving average is $31.98. The firm has a market capitalization of $1.15 billion, a PE ratio of 9.82 and a beta of 0.78. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, equities research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 4.92%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 48.34%.

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Peoples Bancorp in the 3rd quarter valued at about $250,000. CWM LLC lifted its stake in Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after buying an additional 1,552 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Peoples Bancorp by 16.0% in the third quarter. Inspire Investing LLC now owns 13,718 shares of the bank’s stock valued at $413,000 after acquiring an additional 1,890 shares during the period. Creative Planning grew its position in shares of Peoples Bancorp by 36.4% during the third quarter. Creative Planning now owns 32,185 shares of the bank’s stock worth $968,000 after acquiring an additional 8,594 shares during the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of Peoples Bancorp by 322.2% in the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,900 shares during the period. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PEBO shares. Keefe, Bruyette & Woods lifted 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. Stephens reissued an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Piper Sandler raised their target price on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, DA Davidson decreased their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Peoples Bancorp presently 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.