Peoples Bancorp (NASDAQ:PEBO) EVP Sells 2,650 Shares of Company Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Hugh Donlon sold 2,650 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $38.12, for a total value of $101,018.00. Following the completion of the transaction, the executive vice president directly owned 18,365 shares of the company’s stock, valued at $700,073.80. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Peoples Bancorp Stock Performance

Peoples Bancorp stock traded up $0.01 during mid-day trading on Friday, hitting $38.20. 545,319 shares of the company’s stock traded hands, compared to its average volume of 303,053. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Peoples Bancorp Inc. has a one year low of $28.01 and a one year high of $42.29. The firm has a 50 day moving average price of $38.66 and a 200 day moving average price of $37.40. The company has a market cap of $1.37 billion, a PE ratio of 11.27 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 20th. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Peoples Bancorp had a return on equity of 11.10% and a net margin of 19.76%. The company had revenue of $124.52 million for the quarter, compared to analyst estimates of $123.40 million. On average, equities analysts forecast that Peoples Bancorp Inc. will post 3.69 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.68 annualized dividend and a yield of 4.4%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 50.76%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEBO. Piper Sandler boosted their price objective on Peoples Bancorp from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Research raised shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Peoples Bancorp in a research note on Monday, October 5th. Finally, DA Davidson lowered their price target on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Peoples Bancorp has an average rating of “Moderate Buy” and an average price target of $42.00.

Institutional Trading of Peoples Bancorp

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Peoples Bancorp in the second quarter worth approximately $128,113,000. Dimensional Fund Advisors LP raised its holdings in shares of Peoples Bancorp by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,270,134 shares of the bank’s stock valued at $74,619,000 after purchasing an additional 21,273 shares in the last quarter. Peoples Bank OH lifted its stake in shares of Peoples Bancorp by 1.6% in the 1st quarter. Peoples Bank OH now owns 443,618 shares of the bank’s stock valued at $14,582,000 after purchasing an additional 7,043 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at $10,181,000. Finally, Segall Bryant & Hamill LLC increased its position in Peoples Bancorp by 28.5% during the first quarter. Segall Bryant & Hamill LLC now owns 259,843 shares of the bank’s stock worth $8,541,000 after buying an additional 57,650 shares during the last quarter. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and public-sector customers.

Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.