Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Sells $24,128.56 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 788 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $30.62, for a total value of $24,128.56. Following the transaction, the executive vice president now directly owns 11,655 shares in the company, valued at $356,876.10. This trade represents a 6.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Peoples Bancorp Trading Up 0.9%

NASDAQ:PEBO opened at $31.02 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $37.07. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.37 and a beta of 0.62. The business’s 50-day moving average price is $28.98 and its two-hundred day moving average price is $31.53.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.04). The company had revenue of $113.00 million during the quarter, compared to the consensus estimate of $112.76 million. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period last year, the company earned $0.85 earnings per share. On average, equities analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 5th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.29%. The ex-dividend date is Monday, May 5th. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.40. Peoples Bancorp’s dividend payout ratio is presently 52.06%.

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in PEBO. Barclays PLC raised its stake in Peoples Bancorp by 138.9% during the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank’s stock worth $1,898,000 after buying an additional 36,684 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Peoples Bancorp by 316.5% in the third quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock worth $1,855,000 after acquiring an additional 46,845 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Peoples Bancorp by 29.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 15,636 shares of the bank’s stock worth $496,000 after acquiring an additional 3,593 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Peoples Bancorp by 44.4% during the fourth quarter. SG Americas Securities LLC now owns 12,008 shares of the bank’s stock worth $381,000 after purchasing an additional 3,690 shares during the period. Finally, Spire Wealth Management bought a new position in shares of Peoples Bancorp during the 4th quarter valued at about $43,000. 60.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PEBO. DA Davidson dropped their price objective on Peoples Bancorp from $39.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Piper Sandler boosted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Stephens reduced their price objective on shares of Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd.

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.