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

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith acquired 500 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was purchased at an average price of $32.62 per share, for a total transaction of $16,310.00. Following the completion of the acquisition, the director owned 8,199 shares in the company, valued at $267,451.38. The trade was a 6.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dwight Eric Smith also recently made the following trade(s):

• On Friday, November 21st, Dwight Eric Smith bought 200 shares of Peoples Bancorp stock. The shares were purchased at an average cost of $28.56 per share, with a total value of $5,712.00.

Peoples Bancorp Stock Performance

Shares of NASDAQ:PEBO opened at $31.40 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $33.83. The firm has a market capitalization of $1.12 billion, a PE ratio of 10.50 and a beta of 0.65. The business’s 50 day moving average price is $30.56 and its 200-day moving average price is $30.09.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%.The company had revenue of $119.57 million for the quarter, compared to analyst estimates of $117.97 million. As a group, equities research analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 5.2%. Peoples Bancorp’s payout ratio is presently 54.85%.

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds have recently modified their holdings of PEBO. Royal Bank of Canada raised its holdings in Peoples Bancorp by 4.9% in the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank’s stock valued at $711,000 after buying an additional 1,111 shares during the period. AQR Capital Management LLC raised its stake in shares of Peoples Bancorp by 46.5% in the 1st quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock valued at $3,015,000 after acquiring an additional 32,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Peoples Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank’s stock valued at $609,000 after acquiring an additional 862 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Peoples Bancorp by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank’s stock worth $2,441,000 after acquiring an additional 5,175 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Peoples Bancorp by 87.2% during the 1st quarter. Jane Street Group LLC now owns 64,668 shares of the bank’s stock worth $1,918,000 after purchasing an additional 30,121 shares during the period. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PEBO. Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson set a $35.00 target price on Peoples Bancorp in a report on Wednesday. Weiss Ratings downgraded Peoples Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Piper Sandler lowered their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.63.

Peoples Bancorp Company Profile

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.