Michael Ryan Kirkham Sells 700 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $29.48, for a total transaction of $20,636.00. Following the completion of the transaction, the executive vice president now owns 10,710 shares of the company’s stock, valued at $315,730.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Peoples Bancorp Stock Up 1.3 %

Shares of NASDAQ PEBO opened at $29.98 on Friday. The company has a 50 day simple moving average of $28.42 and a 200 day simple moving average of $29.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 1 year low of $23.05 and a 1 year high of $34.85. The firm has a market cap of $1.06 billion, a PE ratio of 8.98 and a beta of 0.76.

Peoples Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.34%. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.39. Peoples Bancorp’s dividend payout ratio (DPR) is presently 46.71%.

Institutional Trading of Peoples Bancorp

Several institutional investors have recently modified their holdings of PEBO. AJOVista LLC bought a new position in Peoples Bancorp during the 4th quarter worth $36,000. Allspring Global Investments Holdings LLC increased its stake in shares of Peoples Bancorp by 46.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock valued at $53,000 after buying an additional 663 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Peoples Bancorp during the first quarter worth about $118,000. Bfsg LLC acquired a new position in shares of Peoples Bancorp in the fourth quarter worth approximately $174,000. Finally, EMC Capital Management boosted its stake in shares of Peoples Bancorp by 214.9% in the 3rd quarter. EMC Capital Management now owns 7,292 shares of the bank’s stock valued at $185,000 after purchasing an additional 4,976 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PEBO. Keefe, Bruyette & Woods restated a “market perform” rating and set a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Piper Sandler began coverage on Peoples Bancorp in a research note on Friday, February 23rd. They issued an “overweight” rating and a $34.00 price objective on the stock. Stephens reissued an “equal weight” rating and set a $34.00 target price on shares of Peoples Bancorp in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Hovde Group assumed coverage on shares of Peoples Bancorp in a research report on Monday, April 1st. They set a “market perform” rating and a $31.00 price objective for the company. 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.com, Peoples Bancorp presently has an average rating of “Hold” and a consensus price target of $33.40.

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.