Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells $34,820.00 in Stock

by · The Markets Daily

Peoples Bancorp Inc. (NASDAQ:PEBO – Get Free Report) Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $34.82, for a total value of $34,820.00. Following the sale, the director now owns 28,322 shares in the company, valued at approximately $986,172.04. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Peoples Bancorp Price Performance

PEBO stock traded up $0.26 during midday trading on Wednesday, hitting $35.01. The company’s stock had a trading volume of 8,491 shares, compared to its average volume of 125,148. Peoples Bancorp Inc. has a 12 month low of $26.74 and a 12 month high of $37.07. 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 capitalization of $1.24 billion, a price-to-earnings ratio of 9.90 and a beta of 0.77. The company has a 50 day moving average of $32.87 and a two-hundred day moving average of $31.25.

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

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 4.57%. Peoples Bancorp’s payout ratio is 45.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Shoker Investment Counsel Inc. boosted its position in shares of Peoples Bancorp by 1.2% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock valued at $924,000 after acquiring an additional 356 shares during the last quarter. FMR LLC raised its holdings in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after buying an additional 370 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Peoples Bancorp by 3.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock worth $362,000 after purchasing an additional 381 shares during the period. D.A. Davidson & CO. lifted its position in shares of Peoples Bancorp by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock worth $721,000 after purchasing an additional 626 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Peoples Bancorp in the 2nd quarter worth approximately $27,000. 60.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEBO has been the subject of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler cut their price objective on 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Peoples Bancorp has a consensus rating of “Hold” and a consensus price target of $34.25.

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About Peoples Bancorp

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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.

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