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

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $30.22, for a total transaction of $30,220.00. Following the completion of the sale, the director directly owned 23,767 shares of the company’s stock, valued at $718,238.74. This trade represents a 4.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peoples Bancorp Trading Down 0.2%

Shares of PEBO opened at $30.00 on Thursday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 10.27 and a beta of 0.63. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $30.00 and a two-hundred day simple moving average of $29.76. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.18). The firm had revenue of $115.02 million for the quarter, compared to analysts’ expectations of $113.20 million. Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. On average, research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 5.5%. Peoples Bancorp’s dividend payout ratio is presently 56.16%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PEBO. Keefe, Bruyette & Woods increased their price target on shares of Peoples Bancorp from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, July 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Peoples Bancorp in a report on Wednesday. Zacks Research upgraded shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Wall Street Zen lowered shares of Peoples Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PEBO. Raymond James Financial Inc. increased its stake in shares of Peoples Bancorp by 422.4% in the 2nd quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank’s stock worth $10,687,000 after acquiring an additional 282,960 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of Peoples Bancorp in the 1st quarter worth about $8,294,000. Segall Bryant & Hamill LLC bought a new position in shares of Peoples Bancorp in the 1st quarter worth about $4,986,000. CSM Advisors LLC bought a new position in shares of Peoples Bancorp in the 2nd quarter worth about $4,887,000. Finally, Nuveen LLC bought a new position in shares of Peoples Bancorp in the 1st quarter worth about $3,721,000. 60.68% of the stock is currently owned by institutional investors.

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.