Insider Buying: Peoples Bancorp (NASDAQ:PEBO) Director Purchases $14,880.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith bought 500 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was acquired at an average price of $29.76 per share, for a total transaction of $14,880.00. Following the purchase, the director directly owned 7,499 shares in the company, valued at approximately $223,170.24. The trade was a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO opened at $30.11 on Monday. Peoples Bancorp Inc. has a twelve month low of $26.21 and a twelve month high of $37.07. The stock’s 50 day moving average price is $30.06 and its 200-day moving average price is $29.79. The company has a market capitalization of $1.07 billion, a PE ratio of 10.53 and a beta of 0.63. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, October 21st. The bank reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of ($221.08) million for the quarter, compared to analysts’ expectations of $116.88 million. Peoples Bancorp had a net margin of 16.57% and a return on equity of 9.45%. On average, equities analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, November 4th. Peoples Bancorp’s payout ratio is 57.34%.

Analyst Ratings Changes

A number of research firms recently commented on PEBO. DA Davidson began coverage on shares of Peoples Bancorp in a report on Wednesday, October 22nd. They issued a “buy” rating and a $33.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, July 11th. Piper Sandler lowered their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Peoples Bancorp in a report on Wednesday, October 8th. Finally, Zacks Research raised shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.13.

Institutional Investors Weigh In On Peoples Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Peoples Bancorp by 132.3% in the second quarter. Parallel Advisors LLC now owns 864 shares of the bank’s stock worth $26,000 after purchasing an additional 492 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Peoples Bancorp in the third quarter worth $42,000. Strs Ohio bought a new position in shares of Peoples Bancorp in the first quarter worth $62,000. Nisa Investment Advisors LLC increased its holdings in shares of Peoples Bancorp by 31.9% in the second quarter. Nisa Investment Advisors LLC now owns 2,931 shares of the bank’s stock worth $90,000 after purchasing an additional 709 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Peoples Bancorp by 1,191.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the bank’s stock worth $114,000 after purchasing an additional 3,430 shares during the period. Institutional investors own 60.68% of the company’s stock.

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.