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 that occurred on Monday, March 9th. The stock was sold at an average price of $31.41, for a total transaction of $31,410.00. Following the sale, the director owned 18,309 shares in the company, valued at $575,085.69. The trade was a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Peoples Bancorp Stock Up 0.7%

Shares of Peoples Bancorp stock opened at $31.82 on Tuesday. Peoples Bancorp Inc. has a 52-week low of $26.21 and a 52-week high of $34.33. The company has a 50 day moving average of $32.36 and a 200 day moving average of $30.79. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.14 billion, a P/E ratio of 10.64 and a beta of 0.68.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.51%. The company had revenue of $119.57 million for the quarter, compared to the consensus estimate of $117.97 million. As a group, research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, February 2nd. Peoples Bancorp’s dividend payout ratio is 54.85%.

Analyst Ratings Changes

A number of brokerages have issued reports on PEBO. Weiss Ratings raised Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. DA Davidson set a $35.00 target price on Peoples Bancorp in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Peoples Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $33.63.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Peoples Bancorp by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 2,080,137 shares of the bank’s stock worth $62,467,000 after purchasing an additional 48,166 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Peoples Bancorp by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank’s stock valued at $29,718,000 after purchasing an additional 75,231 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Peoples Bancorp by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 926,866 shares of the bank’s stock valued at $28,309,000 after purchasing an additional 26,786 shares during the last quarter. Private Management Group Inc. boosted its position in shares of Peoples Bancorp by 1.3% in the 2nd quarter. Private Management Group Inc. now owns 612,568 shares of the bank’s stock valued at $18,708,000 after purchasing an additional 8,058 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Peoples Bancorp by 18.1% in the 4th quarter. Millennium Management LLC now owns 472,456 shares of the bank’s stock valued at $14,188,000 after purchasing an additional 72,392 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Company Profile

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.