Peoples Bancorp (NASDAQ:PEBO) Sets New 1-Year High – Time to Buy?

Peoples Bancorp Inc. (NASDAQ:PEBO)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $36.19 and last traded at $35.74, with a volume of 14059 shares trading hands. The stock had previously closed at $35.80.

Analyst Ratings Changes

Separately, Piper Sandler cut their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.50.

Peoples Bancorp Stock Performance

The company has a market capitalization of $1.26 billion, a PE ratio of 10.20 and a beta of 0.74. The stock’s 50-day simple moving average is $30.88 and its 200 day simple moving average is $30.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $1.06 earnings per share. As a group, research analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.51%. Peoples Bancorp’s payout ratio is 45.58%.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $30.33, for a total value of $30,330.00. Following the completion of the sale, the director now owns 29,963 shares in the company, valued at approximately $908,777.79. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Matthew Edgell sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total value of $103,080.00. Following the sale, the insider now owns 16,092 shares in the company, valued at $552,921.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, September 9th. The stock was sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now directly owns 29,963 shares of the company’s stock, valued at $908,777.79. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,541 shares of company stock worth $351,856. 3.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peoples Bancorp

Several hedge funds have recently modified their holdings of the company. Boston Partners acquired a new position in Peoples Bancorp in the first quarter valued at $710,000. Vanguard Group Inc. increased its stake in shares of Peoples Bancorp by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock valued at $56,388,000 after acquiring an additional 18,272 shares during the last quarter. EMC Capital Management lifted its holdings in shares of Peoples Bancorp by 787.3% during the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock worth $1,730,000 after acquiring an additional 51,006 shares during the period. Hantz Financial Services Inc. purchased a new stake in Peoples Bancorp in the second quarter valued at approximately $981,000. Finally, AQR Capital Management LLC raised its stake in Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after purchasing an additional 35,333 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

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.