Peoples Bancorp (NASDAQ:PEBO) Issues Earnings Results

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) released its earnings results on Tuesday. The bank reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.01, RTT News reports. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter in the prior year, the business earned $1.04 earnings per share.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock traded up $0.12 during mid-day trading on Tuesday, reaching $31.42. 129,597 shares of the stock traded hands, compared to its average volume of 123,589. The business has a 50-day moving average of $33.39 and a 200 day moving average of $31.90. Peoples Bancorp has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.12 billion, a PE ratio of 8.95 and a beta of 0.79.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.09%. Peoples Bancorp's dividend payout ratio is currently 45.58%.

Wall Street Analysts Forecast Growth

PEBO has been the subject of several recent research reports. Piper Sandler reduced their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $34.25.

Insiders Place Their Bets

In other news, insider Matthew Edgell sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the completion of the sale, the insider now owns 16,092 shares in the company, valued at $552,921.12. This trade represents a 15.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total transaction of $137,240.00. Following the sale, the director now directly owns 23,760 shares in the company, valued at approximately $815,205.60. The trade was a 14.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,420 shares of company stock valued at $424,076 in the last 90 days. 3.46% of the stock is owned by insiders.

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.