S Craig Beam Sells 4,000 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director S Craig Beam sold 4,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the sale, the director now directly owns 23,760 shares of the company's stock, valued at approximately $815,205.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Peoples Bancorp Stock Performance

NASDAQ:PEBO traded down $1.23 during midday trading on Thursday, hitting $34.15. The company's stock had a trading volume of 224,868 shares, compared to its average volume of 126,751. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $35.66. 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 market cap of $1.21 billion, a P/E ratio of 9.79 and a beta of 0.74. The firm's 50 day moving average is $30.71 and its 200-day moving average is $30.36.

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

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.69%. Peoples Bancorp's dividend payout ratio (DPR) is presently 45.58%.

Institutional Trading of Peoples Bancorp

A number of hedge funds have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in Peoples Bancorp in the second quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in shares of Peoples Bancorp in the 2nd quarter valued at $46,000. CWM LLC lifted its stake in shares of Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank's stock valued at $56,000 after purchasing an additional 1,552 shares during the period. Quest Partners LLC boosted its holdings in Peoples Bancorp by 20,273.3% during the second quarter. Quest Partners LLC now owns 3,056 shares of the bank's stock worth $92,000 after buying an additional 3,041 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in Peoples Bancorp during the third quarter valued at $123,000. Hedge funds and other institutional investors own 60.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating on the stock in a research note 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. According to MarketBeat.com, Peoples Bancorp presently has a consensus rating of "Hold" and a consensus price target of $33.50.

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.