Peoples Bancorp (NASDAQ:PEBO) EVP Sells 500 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Hugh Donlon sold 500 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $39.87, for a total transaction of $19,935.00. Following the completion of the sale, the executive vice president owned 23,365 shares of the company’s stock, valued at $931,562.55. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Peoples Bancorp Stock Up 2.7%

Shares of PEBO stock traded up $1.12 during midday trading on Tuesday, reaching $41.78. 101,929 shares of the stock were exchanged, compared to its average volume of 279,272. Peoples Bancorp Inc. has a 1 year low of $27.49 and a 1 year high of $41.90. The firm has a market cap of $1.50 billion, a PE ratio of 12.62 and a beta of 0.62. The company’s 50 day moving average is $37.02 and its two-hundred day moving average is $34.35. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.11. The company had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%. On average, equities research analysts predict that Peoples Bancorp Inc. will post 3.56 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 50.76%.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Peoples Bancorp in the 3rd quarter valued at approximately $30,000. Quarry LP bought a new stake in shares of Peoples Bancorp in the 3rd quarter worth $35,000. Strs Ohio bought a new stake in shares of Peoples Bancorp in the 1st quarter worth $62,000. Nisa Investment Advisors LLC raised its stake in shares of Peoples Bancorp by 19.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after purchasing an additional 445 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Peoples Bancorp by 654.3% in the third quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after purchasing an additional 2,689 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. DA Davidson upped their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Hovde Group raised their price objective on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Keefe, Bruyette & Woods boosted their target price on Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler set a $46.00 target price on Peoples Bancorp in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Peoples Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

About Peoples Bancorp

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.