Peoples Bancorp (NASDAQ:PEBO) Insider Matthew Edgell Sells 3,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) insider Matthew Edgell sold 3,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the sale, the insider directly owned 20,183 shares in the company, valued at $832,952.41. This represents a 12.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Peoples Bancorp Trading Down 0.6%

NASDAQ:PEBO opened at $40.93 on Friday. Peoples Bancorp Inc. has a 12-month low of $27.49 and a 12-month high of $42.29. The firm has a market cap of $1.47 billion, a PE ratio of 12.37 and a beta of 0.61. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $38.30 and a 200 day moving average price of $35.00.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.11. The company had revenue of $121.95 million for the quarter, compared to the consensus estimate of $120.05 million. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%. Sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company 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. The ex-dividend date is Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.1%. Peoples Bancorp’s payout ratio is currently 50.76%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PEBO. BlackRock Inc. acquired a new stake in Peoples Bancorp during the 2nd quarter worth $13,424,000. Deutsche Bank AG purchased a new stake in Peoples Bancorp in the second quarter valued at $190,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Peoples Bancorp in the second quarter valued at $33,000. AMG National Trust Bank acquired a new position in Peoples Bancorp in the second quarter valued at $1,433,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Peoples Bancorp during the second quarter worth about $457,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

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.