Peoples Bancorp (NASDAQ:PEBO) EVP Mark Augenstein Sells 2,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Mark Augenstein sold 2,000 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $37.88, for a total transaction of $75,760.00. Following the transaction, the executive vice president owned 24,885 shares in the company, valued at approximately $942,643.80. This represents a 7.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peoples Bancorp Trading Down 0.1%

Shares of NASDAQ:PEBO opened at $38.44 on Wednesday. Peoples Bancorp Inc. has a 1 year low of $28.01 and a 1 year high of $42.29. The business has a fifty day simple moving average of $38.51 and a 200 day simple moving average of $35.93.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 20th. The bank reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $124.52 million for the quarter, compared to analyst estimates of $123.40 million. 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 announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 2nd.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently bought and sold shares of PEBO. BlackRock Inc. bought a new position in Peoples Bancorp during the second quarter valued at about $128,113,000. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp in the second quarter worth about $10,181,000. Empowered Funds LLC acquired a new stake in shares of Peoples Bancorp in the second quarter worth about $6,622,000. Bank of America Corp DE bought a new stake in shares of Peoples Bancorp during the 2nd quarter worth about $6,477,000. Finally, Ategra Capital Management LLC bought a new stake in shares of Peoples Bancorp during the 2nd quarter worth about $3,430,000. 60.68% of the stock is owned by institutional investors and hedge funds.

Peoples Bancorp Company Profile

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.