Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the sale, the director now directly owns 27,686 shares in the company, valued at $858,819.72. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peoples Bancorp Price Performance

Peoples Bancorp stock traded down $0.27 during midday trading on Wednesday, reaching $31.17. The company had a trading volume of 94,053 shares, compared to its average volume of 126,451. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. Peoples Bancorp Inc. has a 12-month low of $26.74 and a 12-month high of $37.07. The company has a market capitalization of $1.11 billion, a P/E ratio of 8.88 and a beta of 0.79. The firm's fifty day simple moving average is $33.68 and its 200-day simple moving average is $31.79.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The business had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. During the same quarter last year, the business posted $1.06 earnings per share. As a group, equities analysts anticipate that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp's payout ratio is 45.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PEBO shares. Keefe, Bruyette & Woods increased their target price on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler dropped their price objective on Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of "Hold" and a consensus target price of $34.25.

Institutional Investors Weigh In On Peoples Bancorp

Hedge funds have recently modified their holdings of the business. Foundry Partners LLC grew its stake in Peoples Bancorp by 21.1% during the 3rd quarter. Foundry Partners LLC now owns 162,956 shares of the bank's stock valued at $4,903,000 after acquiring an additional 28,346 shares in the last quarter. Jane Street Group LLC grew its position in shares of Peoples Bancorp by 55.8% in the third quarter. Jane Street Group LLC now owns 56,345 shares of the bank's stock valued at $1,695,000 after purchasing an additional 20,173 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Peoples Bancorp by 34.6% in the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank's stock valued at $1,717,000 after purchasing an additional 14,658 shares in the last quarter. Barclays PLC increased its holdings in shares of Peoples Bancorp by 138.9% in the third quarter. Barclays PLC now owns 63,096 shares of the bank's stock valued at $1,898,000 after purchasing an additional 36,684 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Peoples Bancorp by 2.7% during the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank's stock worth $25,601,000 after buying an additional 22,285 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.