Insider Selling: Peoples Bancorp (NASDAQ:PEBO) EVP Sells $75,760.00 in Stock

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

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO traded down $0.38 during trading hours on Tuesday, reaching $38.10. 22,834 shares of the stock traded hands, compared to its average volume of 302,131. The company has a market capitalization of $1.37 billion, a P/E ratio of 11.24 and a beta of 0.62. The company’s 50-day simple moving average is $38.57 and its two-hundred day simple moving average is $35.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Peoples Bancorp Inc. has a 52-week low of $28.01 and a 52-week high of $42.29.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 20th. The bank reported $1.04 EPS 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 business had revenue of $124.52 million for the quarter, compared to analysts’ expectations of $123.40 million. Equities research analysts forecast that Peoples Bancorp Inc. will post 3.74 EPS for the current year.

Peoples Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP raised its holdings in shares of Peoples Bancorp by 13.7% during the second quarter. Engineers Gate Manager LP now owns 8,504 shares of the bank’s stock valued at $327,000 after acquiring an additional 1,023 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Peoples Bancorp in the second quarter valued at $207,000. Allworth Financial LP boosted its holdings in Peoples Bancorp by 87.0% in the second quarter. Allworth Financial LP now owns 1,307 shares of the bank’s stock valued at $50,000 after acquiring an additional 608 shares in the last quarter. Waverly Advisors LLC increased its position in Peoples Bancorp by 3.5% during the 2nd quarter. Waverly Advisors LLC now owns 14,754 shares of the bank’s stock valued at $567,000 after purchasing an additional 505 shares during the period. Finally, Corient Private Wealth LP purchased a new position in Peoples Bancorp during the 2nd quarter valued at $324,000. Institutional investors own 60.68% of the company’s stock.

Analysts Set New Price Targets

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