Carol A. Schneeberger Sells 1,000 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total transaction of $31,020.00. Following the completion of the sale, the director now owns 27,686 shares in the company, valued at approximately $858,819.72. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Peoples Bancorp Stock Down 0.9 %

NASDAQ:PEBO opened at $31.17 on Thursday. The firm has a market capitalization of $1.11 billion, a PE ratio of 8.88 and a beta of 0.79. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $33.68 and a 200-day moving average of $31.79.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period last year, the company earned $1.06 earnings per share. Analysts predict that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s payout ratio is 45.58%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler cut their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.25.

Institutional Investors Weigh In On Peoples Bancorp

A number of hedge funds have recently made changes to their positions in PEBO. FMR LLC increased its stake in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after buying an additional 370 shares during the period. CWM LLC boosted its holdings in shares of Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,552 shares in the last quarter. Quest Partners LLC increased its stake in shares of Peoples Bancorp by 20,273.3% during the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after acquiring an additional 3,041 shares during the period. nVerses Capital LLC raised its holdings in Peoples Bancorp by 322.2% during the third quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in Peoples Bancorp by 223.3% in the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after purchasing an additional 2,738 shares during the period. Institutional investors own 60.68% of the company’s stock.

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.