Peoples Bancorp Inc. (NASDAQ:PEBO – Get Free Report) Director Dwight Smith purchased 300 shares of Peoples Bancorp stock in a transaction that occurred on Monday, October 26th. The stock was acquired at an average price of $38.66 per share, with a total value of $11,598.00. Following the transaction, the director owned 10,556 shares in the company, valued at $408,094.96. The trade was a 2.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Peoples Bancorp Trading Down 0.1%
Shares of NASDAQ:PEBO opened at $38.44 on Wednesday. Peoples Bancorp Inc. has a 1-year low of $28.01 and a 1-year high of $42.29. The firm has a fifty day moving average price of $38.51 and a 200 day moving average price of $35.93.
Peoples Bancorp (NASDAQ:PEBO – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $124.52 million during the quarter, compared to analyst estimates of $123.40 million. On average, research analysts forecast that Peoples Bancorp Inc. will post 3.74 EPS for the current fiscal year.
Peoples Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.68 annualized dividend and a dividend yield of 4.4%.
Wall Street Analyst Weigh In
PEBO has been the topic of several recent research reports. Piper Sandler boosted their price target on Peoples Bancorp from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research report on Wednesday, August 26th. Zacks Research raised Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. DA Davidson lowered their target price 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, Keefe, Bruyette & Woods restated a “market perform” rating on shares of Peoples Bancorp in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.00.
Read Our Latest Stock Analysis on PEBO
Institutional Trading of Peoples Bancorp
Several hedge funds have recently made changes to their positions in PEBO. Bank of America Corp DE purchased a new position in Peoples Bancorp during the second quarter worth about $6,477,000. Odyssean LLC purchased a new stake in Peoples Bancorp in the 2nd quarter valued at approximately $1,046,000. Segall Bryant & Hamill LLC increased its position in Peoples Bancorp by 28.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 259,843 shares of the bank’s stock worth $8,541,000 after purchasing an additional 57,650 shares during the period. Empowered Funds LLC acquired a new position in Peoples Bancorp during the 2nd quarter worth approximately $1,637,000. Finally, Quantinno Capital Management LP raised its stake in shares of Peoples Bancorp by 169.7% during the 1st quarter. Quantinno Capital Management LP now owns 44,883 shares of the bank’s stock worth $1,475,000 after buying an additional 28,243 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.
Peoples Bancorp Company Profile
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.
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