Hugh Donlon Sells 500 Shares of Peoples Bancorp (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Hugh Donlon sold 500 shares of Peoples Bancorp stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $39.87, for a total transaction of $19,935.00. Following the completion of the sale, the executive vice president owned 23,365 shares of the company’s stock, valued at $931,562.55. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp Stock Performance

PEBO stock opened at $42.00 on Thursday. The firm has a 50 day moving average of $37.35 and a two-hundred day moving average of $34.51. Peoples Bancorp Inc. has a 12 month low of $27.49 and a 12 month high of $42.29. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.69 and a beta of 0.62. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.15.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.79%. The business had revenue of $121.95 million for the quarter, compared to the consensus estimate of $120.05 million. As a group, equities analysts anticipate that Peoples Bancorp Inc. will post 3.56 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be given a $0.42 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.0%. Peoples Bancorp’s payout ratio is currently 50.76%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Peoples Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new position in Peoples Bancorp in the 3rd quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Peoples Bancorp in the third quarter valued at approximately $35,000. Strs Ohio bought a new stake in shares of Peoples Bancorp in the first quarter valued at approximately $62,000. Nisa Investment Advisors LLC grew its stake in shares of Peoples Bancorp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after acquiring an additional 445 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Peoples Bancorp by 654.3% during the third quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after acquiring an additional 2,689 shares during the period. Institutional investors 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.