Peoples Bancorp (NASDAQ:PEBO) Stock: Insider Mark Augenstein Sells 2,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Mark Augenstein sold 2,000 shares of the business’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $37.88, for a total transaction of $75,760.00. Following the sale, the executive vice president owned 24,885 shares in the company, valued at $942,643.80. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peoples Bancorp Stock Down 0.1%

Shares of PEBO opened at $38.39 on Thursday. The company’s 50-day simple moving average is $38.46 and its 200-day simple moving average is $35.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. Peoples Bancorp Inc. has a 1 year low of $28.01 and a 1 year high of $42.29. The stock has a market capitalization of $1.38 billion, a PE ratio of 11.32 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 20th. The bank reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Peoples Bancorp had a net margin of 19.76% and a return on equity of 11.10%. The firm had revenue of $124.52 million during the quarter, compared to analysts’ expectations of $123.40 million. Analysts forecast that Peoples Bancorp Inc. will post 3.74 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 49.56%.

Institutional Investors Weigh In On Peoples Bancorp

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Peoples Bancorp in the second quarter valued at $128,113,000. Bank of New York Mellon Corp acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $10,181,000. Empowered Funds LLC acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $6,622,000. Bank of America Corp DE purchased a new stake in shares of Peoples Bancorp in the 2nd quarter valued at about $6,477,000. Finally, Ategra Capital Management LLC purchased a new stake in shares of Peoples Bancorp in the 2nd quarter valued at about $3,430,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.