Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Sells 700 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 700 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $29.48, for a total transaction of $20,636.00. Following the transaction, the executive vice president now owns 10,710 shares in the company, valued at $315,730.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peoples Bancorp Stock Up 1.3 %

Shares of PEBO stock opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.85. The firm has a market capitalization of $1.06 billion, a PE ratio of 8.98 and a beta of 0.76. The stock’s 50-day simple moving average is $28.42 and its 200-day simple moving average is $29.49.

Peoples Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.34%. This is a positive change from Peoples Bancorp’s previous quarterly dividend of $0.39. Peoples Bancorp’s dividend payout ratio is presently 46.71%.

Analysts Set New Price Targets

Several research firms have issued reports on PEBO. Stephens reiterated an “equal weight” rating and issued a $34.00 target price on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $33.00 price objective (down previously from $36.00) on shares of Peoples Bancorp in a report on Wednesday, April 24th. StockNews.com upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Piper Sandler started coverage on Peoples Bancorp in a research note on Friday, February 23rd. They issued an “overweight” rating and a $34.00 price target for the company. Finally, Hovde Group assumed coverage on Peoples Bancorp in a research note on Monday, April 1st. They set a “market perform” rating and a $31.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Arizona State Retirement System grew its position in Peoples Bancorp by 3.7% during the 4th quarter. Arizona State Retirement System now owns 9,393 shares of the bank’s stock worth $317,000 after purchasing an additional 333 shares during the period. Shoker Investment Counsel Inc. lifted its holdings in Peoples Bancorp by 1.2% in the first quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank’s stock valued at $874,000 after acquiring an additional 363 shares during the period. Federated Hermes Inc. boosted its position in Peoples Bancorp by 1.6% in the 3rd quarter. Federated Hermes Inc. now owns 24,023 shares of the bank’s stock worth $610,000 after purchasing an additional 382 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Peoples Bancorp by 3.7% during the 4th quarter. D.A. Davidson & CO. now owns 11,988 shares of the bank’s stock worth $405,000 after purchasing an additional 433 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Peoples Bancorp by 5.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,998 shares of the bank’s stock valued at $305,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

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.