Peoples Bancorp (NASDAQ:PEBO) Director Purchases $36,387.50 in Stock

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

Peoples Bancorp Trading Up 1.4%

Shares of NASDAQ PEBO traded up $0.42 during mid-day trading on Wednesday, hitting $29.53. 53,608 shares of the company traded hands, compared to its average volume of 154,824. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07. The business has a 50 day moving average of $29.69 and a two-hundred day moving average of $29.90. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.30 and a beta of 0.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

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

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, November 4th. Peoples Bancorp’s payout ratio is presently 57.34%.

Institutional Investors Weigh In On Peoples Bancorp

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Peoples Bancorp by 132.3% in the second quarter. Parallel Advisors LLC now owns 864 shares of the bank’s stock valued at $26,000 after acquiring an additional 492 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Peoples Bancorp during the third quarter worth about $42,000. Strs Ohio bought a new stake in Peoples Bancorp in the 1st quarter valued at approximately $62,000. Accredited Wealth Management LLC boosted its position in Peoples Bancorp by 524.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank’s stock worth $65,000 after acquiring an additional 1,834 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Peoples Bancorp by 31.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,931 shares of the bank’s stock worth $90,000 after acquiring an additional 709 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEBO. Weiss Ratings reiterated a “hold (c)” rating on shares of Peoples Bancorp in a research report on Friday, October 31st. Zacks Research upgraded shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Piper Sandler cut their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, DA Davidson began coverage on Peoples Bancorp in a report on Wednesday, October 22nd. They set a “buy” rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of “Hold” and a consensus target price of $33.13.

About Peoples Bancorp

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.