Carol Schneeberger Sells 1,000 Shares of Peoples Bancorp (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $31.41, for a total value of $31,410.00. Following the transaction, the director owned 18,309 shares of the company’s stock, valued at approximately $575,085.69. This represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $31.63 on Wednesday. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $34.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.58 and a beta of 0.68. The business has a 50 day simple moving average of $32.38 and a 200 day simple moving average of $30.80.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.51% and a net margin of 17.27%.The firm had revenue of $119.57 million for the quarter, compared to the consensus estimate of $117.97 million. On average, equities research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently modified their holdings of the company. Larson Financial Group LLC bought a new stake in shares of Peoples Bancorp in the 3rd quarter worth $30,000. Quarry LP bought a new position in Peoples Bancorp during the third quarter valued at about $35,000. State of Alaska Department of Revenue bought a new position in Peoples Bancorp during the third quarter valued at about $42,000. Strs Ohio acquired a new position in Peoples Bancorp during the first quarter worth about $62,000. Finally, Accredited Wealth Management LLC grew its holdings in Peoples Bancorp by 524.0% during the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock worth $65,000 after acquiring an additional 1,834 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. DA Davidson set a $35.00 target price on shares of Peoples Bancorp in a research report on Wednesday, January 21st. Weiss Ratings upgraded shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.63.

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.