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 company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the completion of the transaction, the director now owns 26,686 shares of the company’s stock, valued at $876,101.38. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Peoples Bancorp Trading Up 2.2 %

NASDAQ PEBO opened at $33.41 on Wednesday. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.09 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp Inc. has a one year low of $26.74 and a one year high of $37.07. The company’s 50 day moving average price is $32.60 and its 200 day moving average price is $31.98.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm posted $1.04 EPS. On average, sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Monday, February 3rd. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently modified their holdings of the stock. US Bancorp DE lifted its position in 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 acquiring an additional 693 shares in the last quarter. FMR LLC raised its stake in shares of Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after purchasing an additional 370 shares during the period. Spire Wealth Management acquired a new position in shares of Peoples Bancorp during the fourth quarter worth $43,000. CWM LLC boosted its stake in shares of Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the period. Finally, nVerses Capital LLC grew its holdings in Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. DA Davidson dropped their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report 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 report on Wednesday, December 4th. Finally, Piper Sandler upped their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.