Peoples Bancorp (NASDAQ:PEBO) Stock: Insider Michael Ryan Kirkham Sells 632 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Kirkham sold 632 shares of the company’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $38.27, for a total value of $24,186.64. Following the completion of the sale, the executive vice president owned 15,687 shares in the company, valued at $600,341.49. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peoples Bancorp Price Performance

Peoples Bancorp stock traded up $0.19 during mid-day trading on Friday, hitting $38.46. 256,257 shares of the company were exchanged, compared to its average volume of 419,858. The company has a market capitalization of $1.38 billion, a PE ratio of 11.35 and a beta of 0.63. The business has a fifty day moving average of $38.25 and a 200 day moving average of $36.41. Peoples Bancorp Inc. has a 1-year low of $28.23 and a 1-year high of $42.29. 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 (NASDAQ:PEBO) last issued its earnings results on Tuesday, October 20th. The bank reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. Peoples Bancorp had a net margin of 19.76% and a return on equity of 11.08%. The company had revenue of $124.52 million for the quarter, compared to the consensus estimate of $123.40 million. As a group, sell-side analysts expect that Peoples Bancorp Inc. will post 3.74 earnings per share for the current 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 issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 49.56%.

Institutional Trading of Peoples Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in PEBO. EP Wealth Advisors LLC bought a new stake in Peoples Bancorp during the 3rd quarter worth about $337,000. Marshall Wace LLP acquired a new stake in Peoples Bancorp in the 3rd quarter valued at about $224,000. Empowered Funds LLC raised its stake in shares of Peoples Bancorp by 2.5% in the third quarter. Empowered Funds LLC now owns 176,680 shares of the bank’s stock worth $6,465,000 after acquiring an additional 4,268 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Peoples Bancorp by 7.4% in the third quarter. Fifth Third Bancorp now owns 15,643 shares of the bank’s stock worth $572,000 after acquiring an additional 1,075 shares during the last quarter. Finally, StoneX Group Inc. bought a new position in shares of Peoples Bancorp in the third quarter worth about $507,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Peoples Bancorp in a research note on Monday, October 5th. DA Davidson dropped their price objective on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, October 1st. Piper Sandler lifted their target price on shares of Peoples Bancorp from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Finally, Zacks Research raised Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

About Peoples Bancorp

Peoples Bancorp Inc. is a financial holding company headquartered in Marietta, Ohio. Its principal subsidiary, Peoples Bank, provides commercial and consumer banking services to individuals, businesses and local organizations. The company offers deposit accounts, loans, payment services and other banking products, along with services such as wealth management, insurance and equipment financing. Its branches and service areas extend across Ohio, West Virginia, Kentucky and Virginia. Peoples traces its history to 1902, when it was established in Marietta.