Peoples Bancorp (NASDAQ:PEBO) Director Sells $30,220.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $30,220.00. Following the sale, the director directly owned 23,767 shares of the company’s stock, valued at $718,238.74. This trade represents a 4.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Peoples Bancorp Stock Down 3.5%

Peoples Bancorp stock opened at $28.64 on Friday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 9.81 and a beta of 0.63. The stock has a fifty day simple moving average of $30.03 and a two-hundred day simple moving average of $29.74. Peoples Bancorp Inc. has a 12 month low of $26.21 and a 12 month high of $37.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, July 22nd. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.18). Peoples Bancorp had a return on equity of 9.46% and a net margin of 16.88%.The business had revenue of $115.02 million during the quarter, compared to the consensus estimate of $113.20 million. Equities analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, August 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 56.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEBO. Wall Street Zen lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Keefe, Bruyette & Woods lifted their target price on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Peoples Bancorp in a research report on Wednesday. Finally, Zacks Research raised shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.25.

Institutional Trading of Peoples Bancorp

Several large investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its position in shares of Peoples Bancorp by 1.6% during the 1st quarter. D.A. Davidson & CO. now owns 24,400 shares of the bank’s stock valued at $724,000 after acquiring an additional 391 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Peoples Bancorp by 2.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank’s stock valued at $508,000 after purchasing an additional 400 shares during the period. Wedge Capital Management L L P NC grew its holdings in Peoples Bancorp by 1.5% during the second quarter. Wedge Capital Management L L P NC now owns 27,110 shares of the bank’s stock valued at $828,000 after purchasing an additional 410 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in Peoples Bancorp by 3.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank’s stock valued at $337,000 after purchasing an additional 418 shares during the period. Finally, Cetera Investment Advisers grew its holdings in Peoples Bancorp by 1.9% during the second quarter. Cetera Investment Advisers now owns 22,906 shares of the bank’s stock valued at $700,000 after purchasing an additional 418 shares during the period. 60.68% of the stock is currently owned by institutional investors.

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.