Peoples Bancorp (NASDAQ:PEBO) EVP Sells $75,760.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Mark Augenstein sold 2,000 shares of Peoples Bancorp stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $37.88, for a total value of $75,760.00. Following the completion of the sale, the executive vice president owned 24,885 shares in the company, valued at approximately $942,643.80. The trade was a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Peoples Bancorp Price Performance

NASDAQ:PEBO opened at $38.81 on Friday. The stock has a 50 day moving average of $38.44 and a two-hundred day moving average of $36.01. Peoples Bancorp Inc. has a 12 month low of $28.01 and a 12 month high of $42.29. The firm has a market cap of $1.39 billion, a P/E ratio of 11.45 and a beta of 0.62. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 20th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $124.52 million for the quarter, compared to the consensus estimate of $123.40 million. Peoples Bancorp had a return on equity of 11.10% and a net margin of 19.76%. On average, analysts expect that Peoples Bancorp Inc. will post 3.74 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, November 2nd. Peoples Bancorp’s payout ratio is presently 49.56%.

Analyst Ratings Changes

A number of brokerages have weighed in on PEBO. Zacks Research upgraded Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. DA Davidson lowered their target price on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Peoples Bancorp in a research report on Monday, October 5th. Finally, Piper Sandler increased their target price on shares of Peoples Bancorp from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Peoples Bancorp in the second quarter valued at approximately $128,113,000. Bank of New York Mellon Corp purchased a new position in Peoples Bancorp during the second quarter worth approximately $10,181,000. Empowered Funds LLC purchased a new position in Peoples Bancorp during the second quarter worth approximately $6,622,000. Bank of America Corp DE purchased a new position in Peoples Bancorp during the second quarter worth approximately $6,477,000. Finally, Ategra Capital Management LLC acquired a new position in Peoples Bancorp during the second quarter worth $3,430,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

About Peoples Bancorp

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.