Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger Sells 1,000 Shares

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 Monday, February 10th. The stock was sold at an average price of $32.83, for a total transaction of $32,830.00. Following the sale, the director now owns 26,686 shares of the company's stock, valued at $876,101.38. This represents a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peoples Bancorp Stock Down 0.3 %

PEBO stock traded down $0.11 during midday trading on Friday, hitting $32.66. The company's stock had a trading volume of 92,247 shares, compared to its average volume of 143,958. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a 52-week low of $26.74 and a 52-week high of $37.07. The firm has a market capitalization of $1.16 billion, a P/E ratio of 9.87 and a beta of 0.78. The firm has a 50-day simple moving average of $32.45 and a 200-day simple moving average of $31.98.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, equities analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 4.90%. Peoples Bancorp's dividend payout ratio (DPR) is currently 48.34%.

Analyst Upgrades and Downgrades

PEBO has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Stephens reaffirmed an "equal weight" rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. DA Davidson lowered their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Peoples Bancorp has an average rating of "Hold" and a consensus target price of $36.90.

Institutional Investors Weigh In On Peoples Bancorp

Several institutional investors have recently modified their holdings of the company. Shoker Investment Counsel Inc. lifted its position in shares of Peoples Bancorp by 1.0% during the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank's stock worth $997,000 after purchasing an additional 316 shares during the last quarter. FMR LLC raised its stake in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after acquiring an additional 370 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Peoples Bancorp by 3.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank's stock valued at $362,000 after purchasing an additional 381 shares during the period. Arizona State Retirement System increased its stake in Peoples Bancorp by 6.1% in the fourth quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock valued at $327,000 after purchasing an additional 595 shares during the period. Finally, D.A. Davidson & CO. increased its stake in Peoples Bancorp by 2.7% in the third quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank's stock valued at $721,000 after purchasing an additional 626 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Company Profile

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.