Tyler J. Wilcox Sells 8,621 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) CEO Tyler J. Wilcox sold 8,621 shares of Peoples Bancorp stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $29.01, for a total value of $250,095.21. Following the completion of the transaction, the chief executive officer now owns 40,231 shares in the company, valued at $1,167,101.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Peoples Bancorp Price Performance

Shares of PEBO opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $1.06 billion, a PE ratio of 8.98 and a beta of 0.76. The firm’s 50 day moving average price is $28.42 and its 200 day moving average price is $29.50. Peoples Bancorp Inc. has a twelve month low of $23.05 and a twelve month high of $34.85.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.39. Peoples Bancorp’s payout ratio is presently 46.71%.

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently bought and sold shares of the business. Shoker Investment Counsel Inc. boosted its stake in shares of Peoples Bancorp by 1.2% during the 1st quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank’s stock worth $874,000 after acquiring an additional 363 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Peoples Bancorp by 126.0% during the first quarter. BNP Paribas Financial Markets now owns 20,367 shares of the bank’s stock worth $603,000 after purchasing an additional 11,354 shares during the period. Principal Financial Group Inc. grew its holdings in Peoples Bancorp by 25.8% during the first quarter. Principal Financial Group Inc. now owns 16,844 shares of the bank’s stock valued at $499,000 after purchasing an additional 3,453 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Peoples Bancorp by 17.7% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,652 shares of the bank’s stock valued at $375,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Peoples Bancorp in the first quarter worth $118,000. 60.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stephens reaffirmed an “equal weight” rating and set a $34.00 price objective on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $33.00 price objective (down previously from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. StockNews.com raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Hovde Group started coverage on Peoples Bancorp in a research note on Monday, April 1st. They issued a “market perform” rating and a $31.00 price objective for the company. Finally, Piper Sandler assumed coverage on shares of Peoples Bancorp in a report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.40.

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.