Peoples Bancorp (NASDAQ:PEBO) Director Carol Schneeberger Sells 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $30.60, for a total value of $30,600.00. Following the completion of the sale, the director directly owned 22,204 shares of the company’s stock, valued at approximately $679,442.40. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Peoples Bancorp Price Performance

Shares of PEBO opened at $30.83 on Friday. The business’s 50-day moving average is $30.05 and its 200-day moving average is $30.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.78 and a beta of 0.65. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $33.83.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, October 21st. The bank reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $118.51 million for the quarter, compared to the consensus estimate of $116.88 million. Peoples Bancorp had a net margin of 16.57% and a return on equity of 9.35%. Equities research analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th were paid a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.3%. Peoples Bancorp’s dividend payout ratio is 57.34%.

Wall Street Analysts Forecast Growth

PEBO has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Zacks Research upgraded Peoples Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. DA Davidson assumed coverage on shares of Peoples Bancorp in a research report on Wednesday, October 22nd. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Peoples Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $33.13.

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in Peoples Bancorp by 132.3% during the second quarter. Parallel Advisors LLC now owns 864 shares of the bank’s stock valued at $26,000 after purchasing an additional 492 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Peoples Bancorp during the 3rd quarter worth $30,000. Quarry LP acquired a new position in Peoples Bancorp in the 3rd quarter valued at $35,000. State of Alaska Department of Revenue bought a new position in Peoples Bancorp in the 3rd quarter worth $42,000. Finally, Strs Ohio acquired a new position in Peoples Bancorp during the 1st quarter worth $62,000. Institutional investors 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.