Dwight Eric Smith Acquires 500 Shares of Peoples Bancorp (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith purchased 500 shares of the stock in a transaction dated Thursday, October 23rd. The stock was acquired at an average cost of $29.76 per share, for a total transaction of $14,880.00. Following the transaction, the director owned 7,499 shares of the company’s stock, valued at approximately $223,170.24. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $30.11 on Friday. The company’s 50 day moving average is $30.06 and its 200-day moving average is $29.78. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.07 billion, a P/E ratio of 10.53 and a beta of 0.63.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, October 21st. The bank reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of ($221.08) million for the quarter, compared to analyst estimates of $116.88 million. Peoples Bancorp had a net margin of 16.57% and a return on equity of 9.45%. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, November 4th. Peoples Bancorp’s payout ratio is currently 57.34%.

Analyst Ratings Changes

A number of equities analysts have commented on PEBO shares. Piper Sandler cut their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a research note on Wednesday. DA Davidson started coverage on shares of Peoples Bancorp in a research note on Wednesday. They issued a “buy” rating and a $33.00 price target for the company. Zacks Research raised shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Peoples Bancorp in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in shares of Peoples Bancorp in the 1st quarter worth about $299,000. New York State Common Retirement Fund increased its stake in Peoples Bancorp by 55.3% during the 1st quarter. New York State Common Retirement Fund now owns 18,815 shares of the bank’s stock valued at $558,000 after purchasing an additional 6,700 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Peoples Bancorp during the 1st quarter valued at about $289,000. Principal Financial Group Inc. increased its stake in Peoples Bancorp by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 19,137 shares of the bank’s stock valued at $568,000 after purchasing an additional 707 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Peoples Bancorp by 12.7% during the 1st quarter. American Century Companies Inc. now owns 854,771 shares of the bank’s stock valued at $25,353,000 after purchasing an additional 96,556 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.

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.