Peoples Bancorp Inc. (NASDAQ:PEBO – Get Free Report) insider Matthew Edgell sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the transaction, the insider owned 20,183 shares of the company’s stock, valued at $832,952.41. This trade represents a 12.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peoples Bancorp Stock Performance
Shares of NASDAQ:PEBO opened at $40.93 on Monday. Peoples Bancorp Inc. has a 52 week low of $27.49 and a 52 week high of $42.29. The company’s 50 day moving average is $38.30 and its two-hundred day moving average is $35.03. The company has a market cap of $1.47 billion, a PE ratio of 12.37 and a beta of 0.61. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.11. The business had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $120.05 million. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. Equities analysts predict that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.
Peoples Bancorp Dividend Announcement
Hedge Funds Weigh In On Peoples Bancorp
Several hedge funds have recently made changes to their positions in PEBO. Larson Financial Group LLC purchased a new stake in shares of Peoples Bancorp in the 3rd quarter valued at about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Peoples Bancorp during the 2nd quarter worth approximately $33,000. Quarry LP purchased a new position in Peoples Bancorp during the 3rd quarter worth approximately $35,000. Strs Ohio acquired a new position in Peoples Bancorp during the first quarter worth approximately $62,000. Finally, Russell Investments Group Ltd. lifted its stake in Peoples Bancorp by 654.3% in the third quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock valued at $93,000 after buying an additional 2,689 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Piper Sandler set a $46.00 price objective on Peoples Bancorp in a report on Wednesday, July 22nd. DA Davidson boosted their target price on Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Hovde Group upped their price target on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods increased their price target on shares of Peoples Bancorp from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.00.
Check Out Our Latest Analysis on Peoples Bancorp
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.
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