Insider Selling: Peoples Bancorp (NASDAQ:PEBO) Director Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, March 9th. The shares were sold at an average price of $31.41, for a total value of $31,410.00. Following the completion of the sale, the director directly owned 18,309 shares of the company’s stock, valued at $575,085.69. This trade represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Peoples Bancorp Trading Up 0.7%

Shares of PEBO traded up $0.22 during trading hours on Monday, hitting $31.82. 222,738 shares of the stock traded hands, compared to its average volume of 284,545. The business has a fifty day moving average of $32.34 and a 200-day moving average of $30.79. The firm has a market capitalization of $1.14 billion, a PE ratio of 10.64 and a beta of 0.68. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $34.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The firm had revenue of $119.57 million during the quarter, compared to analyst estimates of $117.97 million. Peoples Bancorp had a return on equity of 9.51% and a net margin of 17.27%. Analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Monday, February 2nd. Peoples Bancorp’s dividend payout ratio is currently 54.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PEBO shares. Weiss Ratings upgraded Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. DA Davidson set a $35.00 price target on shares of Peoples Bancorp in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.63.

Institutional Investors Weigh In On Peoples Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of PEBO. Larson Financial Group LLC bought a new position in shares of Peoples Bancorp in the third quarter valued at $30,000. Quarry LP bought a new stake in Peoples Bancorp during the third quarter worth $35,000. State of Alaska Department of Revenue acquired a new stake in Peoples Bancorp in the third quarter valued at $42,000. Strs Ohio acquired a new stake in Peoples Bancorp in the first quarter valued at $62,000. Finally, Accredited Wealth Management LLC grew its position in shares of Peoples Bancorp by 524.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock valued at $65,000 after acquiring an additional 1,834 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

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.