Peoples Bancorp (NASDAQ:PEBO) Insider Sells 3,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the completion of the transaction, the insider directly owned 20,183 shares in the company, valued at approximately $832,952.41. This represents a 12.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp Stock Performance

Shares of PEBO traded down $0.18 during mid-day trading on Friday, hitting $40.98. The company’s stock had a trading volume of 172,564 shares, compared to its average volume of 282,393. The stock’s 50-day moving average is $38.18 and its two-hundred day moving average is $34.96. The firm has a market capitalization of $1.47 billion, a PE ratio of 12.37 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. The business had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. As a group, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.56 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 50.76%.

Wall Street Analysts Forecast Growth

PEBO has been the subject of a number of research reports. Piper Sandler set a $46.00 price objective on Peoples Bancorp in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Keefe, Bruyette & Woods increased their price objective on shares of Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Hovde Group raised their price objective on shares of Peoples Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Finally, DA Davidson increased their price target on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Institutional Investors Weigh In On Peoples Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Peoples Bancorp during the 3rd quarter valued at about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Peoples Bancorp during the second quarter worth about $33,000. Quarry LP acquired a new stake in shares of Peoples Bancorp during the third quarter worth approximately $35,000. Strs Ohio bought a new position in shares of Peoples Bancorp in the first quarter valued at approximately $62,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Peoples Bancorp by 654.3% in the third quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock valued at $93,000 after acquiring an additional 2,689 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.