Peoples Bancorp (NASDAQ:PEBO) Director W Glenn Hogan Purchases 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director W Glenn Hogan bought 1,000 shares of Peoples Bancorp stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $28.49 per share, for a total transaction of $28,490.00. Following the completion of the transaction, the director owned 535,239 shares of the company’s stock, valued at approximately $15,248,959.11. This trade represents a 0.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

W Glenn Hogan also recently made the following trade(s):

• On Thursday, October 30th, W Glenn Hogan acquired 1,000 shares of Peoples Bancorp stock. The stock was purchased at an average cost of $28.82 per share, for a total transaction of $28,820.00.

Peoples Bancorp Trading Up 0.4%

PEBO traded up $0.13 during trading on Monday, hitting $29.08. 49,208 shares of the stock were exchanged, compared to its average volume of 154,698. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50 day simple moving average of $29.76 and a 200 day simple moving average of $29.89. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 10.14 and a beta of 0.70. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, October 21st. The bank reported $0.90 earnings per share (EPS) 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 return on equity of 9.45% and a net margin of 16.57%. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

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

Institutional Trading of Peoples Bancorp

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Peoples Bancorp by 15.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,829 shares of the bank’s stock valued at $2,184,000 after acquiring an additional 9,754 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Peoples Bancorp by 12.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 72,079 shares of the bank’s stock worth $2,162,000 after acquiring an additional 8,147 shares during the last quarter. Plan A Wealth LLC boosted its position in shares of Peoples Bancorp by 43.2% during the third quarter. Plan A Wealth LLC now owns 9,592 shares of the bank’s stock worth $288,000 after buying an additional 2,892 shares during the period. AlphaQuest LLC grew its stake in shares of Peoples Bancorp by 40.9% in the third quarter. AlphaQuest LLC now owns 13,221 shares of the bank’s stock valued at $396,000 after buying an additional 3,835 shares in the last quarter. Finally, Shoker Investment Counsel Inc. raised its holdings 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 buying an additional 405 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. DA Davidson started coverage on Peoples Bancorp in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $33.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Peoples Bancorp in a research report on Friday, October 31st. Piper Sandler reduced their price objective on Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Wall Street Zen upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Two equities research 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, the company currently has an average 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.