Peoples Bancorp (NASDAQ:PEBO) Stock: Insider Dwight Eric Smith Acquires 300 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Smith acquired 300 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were acquired at an average cost of $38.66 per share, with a total value of $11,598.00. Following the completion of the transaction, the director directly owned 10,556 shares in the company, valued at approximately $408,094.96. The trade was a 2.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Peoples Bancorp Stock Down 0.1%

Shares of PEBO opened at $38.39 on Thursday. The company’s 50-day moving average price is $38.46 and its 200 day moving average price is $35.97. Peoples Bancorp Inc. has a 12-month low of $28.01 and a 12-month high of $42.29. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.38 billion, a P/E ratio of 11.32 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 20th. The bank reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Peoples Bancorp had a net margin of 19.76% and a return on equity of 11.10%. The company had revenue of $124.52 million during the quarter, compared to analyst estimates of $123.40 million. On average, sell-side analysts forecast that Peoples Bancorp Inc. will post 3.74 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, November 2nd. Peoples Bancorp’s dividend payout ratio is currently 49.56%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEBO. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Peoples Bancorp in a research report on Monday, October 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a research report on Wednesday, August 26th. Piper Sandler upped their price target on Peoples Bancorp from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Zacks Research upgraded Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Finally, DA Davidson dropped their price objective on Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Peoples Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Trading of Peoples Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Peoples Bancorp in the second quarter worth $128,113,000. Bank of New York Mellon Corp purchased a new stake in shares of Peoples Bancorp during the second quarter worth $10,181,000. Empowered Funds LLC acquired a new stake in shares of Peoples Bancorp in the second quarter valued at $6,622,000. Bank of America Corp DE acquired a new stake in shares of Peoples Bancorp in the second quarter valued at $6,477,000. Finally, Ategra Capital Management LLC acquired a new stake in shares of Peoples Bancorp in the second quarter valued at $3,430,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and public-sector customers.

Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.