Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger Sells 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.20, for a total transaction of $30,200.00. Following the completion of the transaction, the director now directly owns 25,686 shares of the company’s stock, valued at $775,717.20. This trade represents a 3.75 % 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 Stock Up 0.5 %

Shares of PEBO traded up $0.14 during mid-day trading on Tuesday, hitting $29.42. 61,293 shares of the company’s stock were exchanged, compared to its average volume of 123,795. 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 52 week low of $26.74 and a 52 week high of $37.07. The company has a market cap of $1.05 billion, a PE ratio of 8.88 and a beta of 0.75. The company has a 50-day simple moving average of $31.92 and a 200 day simple moving average of $32.14.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the company posted $1.04 EPS. On average, research analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a yield of 5.44%. Peoples Bancorp’s payout ratio is presently 48.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PEBO. US Bancorp DE raised its stake in shares of Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after purchasing an additional 693 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Peoples Bancorp by 815.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank’s stock worth $35,000 after buying an additional 987 shares during the last quarter. FMR LLC raised its position in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after acquiring an additional 370 shares in the last quarter. Spire Wealth Management acquired a new stake in Peoples Bancorp in the fourth quarter valued at $43,000. Finally, Quantbot Technologies LP grew its position in shares of Peoples Bancorp by 223.3% in the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after acquiring an additional 2,738 shares during the period. 60.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Stephens reissued an “equal weight” rating and set a $37.50 target price on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted 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 note on Wednesday, December 4th. Finally, Piper Sandler increased their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.90.

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.