Peoples Bancorp (NASDAQ:PEBO) PT Lowered to $36.00

Peoples Bancorp (NASDAQ:PEBO) had its price target trimmed by Piper Sandler from $39.00 to $36.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Peoples Bancorp Stock Down 2.8 %

Shares of NASDAQ:PEBO opened at $30.38 on Wednesday. Peoples Bancorp has a 12-month low of $25.58 and a 12-month high of $34.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.08 billion, a PE ratio of 9.10 and a beta of 0.75. The company has a fifty day simple moving average of $30.61 and a 200 day simple moving average of $30.14.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 12.01%. The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, equities research analysts anticipate that Peoples Bancorp will post 3.29 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 5.27%. Peoples Bancorp’s payout ratio is 47.90%.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $30,330.00. Following the sale, the director now directly owns 29,963 shares of the company’s stock, valued at approximately $908,777.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 2,541 shares of company stock worth $77,406. 3.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently modified their holdings of the business. Future Financial Wealth Managment LLC bought a new position in shares of Peoples Bancorp during the first quarter valued at approximately $118,000. Hennion & Walsh Asset Management Inc. grew its stake in Peoples Bancorp by 17.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,652 shares of the bank’s stock worth $375,000 after buying an additional 1,900 shares during the last quarter. Principal Financial Group Inc. increased its position in Peoples Bancorp by 25.8% in the first quarter. Principal Financial Group Inc. now owns 16,844 shares of the bank’s stock worth $499,000 after buying an additional 3,453 shares during the period. BNP Paribas Financial Markets increased its position in Peoples Bancorp by 126.0% in the first quarter. BNP Paribas Financial Markets now owns 20,367 shares of the bank’s stock worth $603,000 after buying an additional 11,354 shares during the period. Finally, Shoker Investment Counsel Inc. lifted its stake in Peoples Bancorp by 1.2% in the first quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank’s stock valued at $874,000 after buying an additional 363 shares during the last quarter. 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.