Michael Ryan Kirkham Sells 788 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 788 shares of the firm’s stock in a transaction dated 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 owns 11,655 shares in the company, valued at approximately $356,876.10. This trade represents a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peoples Bancorp Stock Performance

NASDAQ:PEBO opened at $30.75 on Thursday. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07. The firm has a 50 day moving average of $28.95 and a 200-day moving average of $31.53. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.10 billion, a P/E ratio of 9.29 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 11.07% and a net margin of 18.90%. During the same quarter last year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 5th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.33%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, May 5th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 52.06%.

Institutional Trading of Peoples Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PEBO. Wealth Preservation Advisors LLC acquired a new stake in Peoples Bancorp in the first quarter worth about $8,294,000. Segall Bryant & Hamill LLC acquired a new stake in Peoples Bancorp during the 1st quarter worth $4,986,000. Nuveen LLC acquired a new stake in Peoples Bancorp during the 1st quarter worth $3,721,000. Wellington Management Group LLP grew its holdings in Peoples Bancorp by 28.2% during the 4th quarter. Wellington Management Group LLP now owns 451,788 shares of the bank’s stock worth $14,317,000 after acquiring an additional 99,300 shares during the period. Finally, American Century Companies Inc. grew its holdings in Peoples Bancorp by 12.7% during the 1st quarter. American Century Companies Inc. now owns 854,771 shares of the bank’s stock worth $25,353,000 after acquiring an additional 96,556 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEBO. DA Davidson lowered their price target on Peoples Bancorp from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Stephens lowered their price target on Peoples Bancorp from $37.50 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler raised their price target on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd.

About Peoples Bancorp

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.