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 stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the transaction, the director now directly owns 25,686 shares of the company's stock, valued at approximately $775,717.20. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Peoples Bancorp Price Performance

Shares of PEBO traded up $0.60 during trading hours on Friday, hitting $29.80. 160,275 shares of the company were exchanged, compared to its average volume of 125,375. The company has a market capitalization of $1.06 billion, a PE ratio of 9.00 and a beta of 0.75. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a fifty day simple moving average of $31.75 and a 200-day simple moving average of $32.07. Peoples Bancorp Inc. has a one year low of $26.78 and a one year high of $37.07.

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

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Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.37%. Peoples Bancorp's dividend payout ratio (DPR) is presently 48.34%.

Institutional Trading of Peoples Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of PEBO. Wellington Management Group LLP boosted its position in shares of Peoples Bancorp by 153.6% in the third quarter. Wellington Management Group LLP now owns 352,488 shares of the bank's stock worth $10,606,000 after buying an additional 213,488 shares during the period. American Century Companies Inc. raised its holdings in shares of Peoples Bancorp by 11.8% during the fourth quarter. American Century Companies Inc. now owns 758,215 shares of the bank's stock worth $24,028,000 after acquiring an additional 79,818 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Peoples Bancorp during the fourth quarter worth $2,464,000. Tudor Investment Corp ET AL purchased a new stake in shares of Peoples Bancorp during the fourth quarter worth $2,414,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Peoples Bancorp during the fourth quarter worth $2,122,000. Institutional investors and hedge funds own 60.68% of the company's stock.

Analyst Ratings Changes

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

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.