Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells 2,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker sold 2,000 shares of Peoples Bancorp stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total value of $70,720.00. Following the sale, the director now directly owns 1,214 shares in the company, valued at $42,927.04. The trade was a 62.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Peoples Bancorp Trading Up 0.1 %

Shares of PEBO stock traded up $0.03 during mid-day trading on Monday, hitting $35.11. The company’s stock had a trading volume of 79,329 shares, compared to its average volume of 126,237. The company has a market cap of $1.25 billion, a PE ratio of 10.54 and a beta of 0.74. The company’s fifty day simple moving average is $32.16 and its 200-day simple moving average is $31.00. 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 Inc. has a 52 week low of $26.74 and a 52 week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. During the same quarter last year, the firm posted $1.06 EPS. As a group, equities research analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 dividend yield of 4.56%. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PEBO. Geode Capital Management LLC raised its position in shares of Peoples Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock worth $25,601,000 after purchasing an additional 22,285 shares during the period. Barclays PLC grew its holdings in shares of Peoples Bancorp by 138.9% during the third quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after buying an additional 36,684 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Peoples Bancorp during the third quarter worth about $297,000. Jane Street Group LLC increased its position in shares of Peoples Bancorp by 55.8% during the third quarter. Jane Street Group LLC now owns 56,345 shares of the bank’s stock worth $1,695,000 after acquiring an additional 20,173 shares in the last quarter. Finally, Wellington Management Group LLP raised 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 worth $10,606,000 after acquiring an additional 213,488 shares during 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.