Peoples Bancorp (NASDAQ:PEBO) Director Kevin Reeves Purchases 1,250 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Kevin Reeves acquired 1,250 shares of Peoples Bancorp stock in a transaction dated Tuesday, November 11th. The stock was bought at an average price of $29.11 per share, for a total transaction of $36,387.50. Following the completion of the transaction, the director directly owned 13,055 shares of the company’s stock, valued at approximately $380,031.05. This represents a 10.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp Price Performance

PEBO stock traded up $0.12 during trading on Thursday, hitting $29.65. The stock had a trading volume of 25,514 shares, compared to its average volume of 154,996. The company’s 50 day moving average price is $29.67 and its two-hundred day moving average price is $29.89. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $37.07. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.33 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82.

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

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, November 4th. Peoples Bancorp’s dividend payout ratio is presently 57.34%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PEBO shares. Zacks Research raised Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. DA Davidson assumed 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Peoples Bancorp in a research note on Friday, October 31st. Finally, Piper Sandler dropped their price objective on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company 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 added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its position in Peoples Bancorp by 2.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank’s stock valued at $508,000 after buying an additional 400 shares during the last quarter. Shoker Investment Counsel Inc. raised its position in shares of Peoples Bancorp by 1.4% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 29,449 shares of the bank’s stock valued at $883,000 after purchasing an additional 405 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Peoples Bancorp by 1.5% during the second quarter. Wedge Capital Management L L P NC now owns 27,110 shares of the bank’s stock worth $828,000 after buying an additional 410 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Peoples Bancorp by 3.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank’s stock worth $337,000 after buying an additional 418 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Peoples Bancorp by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 22,906 shares of the bank’s stock valued at $700,000 after acquiring an additional 418 shares during 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.