Insider Selling: Peoples Bancorp (NASDAQ:PEBO) EVP Sells $19,935.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Hugh Donlon sold 500 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $39.87, for a total transaction of $19,935.00. Following the completion of the transaction, the executive vice president directly owned 23,365 shares of the company’s stock, valued at $931,562.55. This represents a 2.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $41.56 on Friday. The stock’s 50-day simple moving average is $37.49 and its 200-day simple moving average is $34.58. Peoples Bancorp Inc. has a 52 week low of $27.49 and a 52 week high of $42.29. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.56 and a beta of 0.62. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%.The firm had revenue of $121.95 million during the quarter, compared to analyst estimates of $120.05 million. As a group, analysts expect that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio is presently 50.76%.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in Peoples Bancorp in the 3rd quarter worth approximately $30,000. Quarry LP bought a new position in shares of Peoples Bancorp during the 3rd quarter valued at approximately $35,000. Strs Ohio bought a new position in shares of Peoples Bancorp during the 1st quarter valued at approximately $62,000. Nisa Investment Advisors LLC grew its holdings in shares of Peoples Bancorp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock valued at $81,000 after purchasing an additional 445 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Peoples Bancorp by 654.3% in the third quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock valued at $93,000 after purchasing an additional 2,689 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEBO. DA Davidson lifted their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Peoples Bancorp in a research report on Friday, May 29th. Hovde Group raised their target price on shares of Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Piper Sandler set a $46.00 price target on shares of Peoples Bancorp in a report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.00.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.