Insider Selling: Peoples Bancorp (NASDAQ:PEBO) Director Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $33.92, for a total value of $33,920.00. Following the transaction, the director directly owned 21,204 shares of the company’s stock, valued at $719,239.68. The trade was a 4.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Peoples Bancorp Price Performance

Shares of PEBO stock traded down $0.30 during trading hours on Monday, reaching $33.88. The stock had a trading volume of 252,880 shares, compared to its average volume of 330,683. The stock’s fifty day simple moving average is $31.27 and its 200 day simple moving average is $30.17. The firm has a market capitalization of $1.21 billion, a PE ratio of 11.33 and a beta of 0.68. Peoples Bancorp Inc. has a 12 month low of $26.21 and a 12 month high of $34.31. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $117.97 million. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.61%. On average, equities research analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, February 2nd. Peoples Bancorp’s payout ratio is presently 54.85%.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in Peoples Bancorp in the 3rd quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Peoples Bancorp in the 3rd quarter worth $35,000. State of Alaska Department of Revenue purchased a new position in shares of Peoples Bancorp in the third quarter worth $42,000. Strs Ohio bought a new position in shares of Peoples Bancorp during the first quarter valued at $62,000. Finally, Accredited Wealth Management LLC boosted its position in shares of Peoples Bancorp by 524.0% during the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock valued at $65,000 after buying an additional 1,834 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PEBO. Piper Sandler reduced their price objective on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. DA Davidson set a $35.00 price target on Peoples Bancorp in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.63.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.