Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker Sells 420 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director David F. Dierker sold 420 shares of Peoples Bancorp stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $31.11, for a total transaction of $13,066.20. Following the sale, the director now owns 9,714 shares of the company's stock, valued at $302,202.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peoples Bancorp Stock Down 2.8 %

Shares of NASDAQ:PEBO traded down $0.86 during trading on Friday, reaching $30.38. The stock had a trading volume of 112,261 shares, compared to its average volume of 124,505. The firm's 50-day simple moving average is $30.61 and its 200 day simple moving average is $30.12. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a one year low of $25.58 and a one year high of $34.85. The company has a market capitalization of $1.08 billion, a P/E ratio of 9.08 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.07. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. During the same period in the prior year, the firm earned $1.06 EPS. As a group, research analysts expect that Peoples Bancorp Inc. will post 3.29 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.27%. Peoples Bancorp's payout ratio is currently 47.90%.

Institutional Trading of Peoples Bancorp

A number of hedge funds have recently modified their holdings of PEBO. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Peoples Bancorp by 3.3% during the 3rd 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 in the last quarter. nVerses Capital LLC grew its position in Peoples Bancorp by 322.2% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank's stock valued at $114,000 after buying an additional 2,900 shares during the period. Creative Planning increased its holdings in Peoples Bancorp by 36.4% in the third quarter. Creative Planning now owns 32,185 shares of the bank's stock valued at $968,000 after buying an additional 8,594 shares in the last quarter. Inspire Investing LLC raised its position in shares of Peoples Bancorp by 16.0% in the third quarter. Inspire Investing LLC now owns 13,718 shares of the bank's stock worth $413,000 after acquiring an additional 1,890 shares during the period. Finally, CWM LLC boosted its stake in shares of Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank's stock worth $56,000 after acquiring an additional 1,552 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $33.50.

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.