Insider Selling: Peoples Bancorp (NASDAQ:PEBO) Insider Sells 3,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) insider Matthew Edgell sold 3,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the sale, the insider owned 20,183 shares in the company, valued at $832,952.41. The trade was a 12.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock traded down $0.18 during trading on Friday, reaching $40.98. The company’s stock had a trading volume of 172,564 shares, compared to its average volume of 282,393. The stock has a 50-day moving average price of $38.18 and a two-hundred day moving average price of $34.96. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29. The stock has a market capitalization of $1.47 billion, a P/E ratio of 12.37 and a beta of 0.61.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. As a group, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.56 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio is 50.76%.

Wall Street Analyst Weigh In

PEBO has been the subject of several research analyst reports. DA Davidson boosted their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Piper Sandler set a $46.00 target price on Peoples Bancorp in a research report on Wednesday, July 22nd. Hovde Group raised their price target on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Peoples Bancorp has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PEBO. BlackRock Inc. acquired a new stake in shares of Peoples Bancorp during the second quarter worth $13,424,000. Deutsche Bank AG acquired a new position in Peoples Bancorp in the second quarter valued at about $190,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Peoples Bancorp during the second quarter worth about $33,000. AMG National Trust Bank acquired a new position in shares of Peoples Bancorp during the 2nd quarter worth about $1,433,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Peoples Bancorp during the 2nd quarter worth about $457,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

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.