Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells 4,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the transaction, the director now directly owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $34.15 on Friday. The company has a 50 day moving average of $30.76 and a 200 day moving average of $30.39. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.21 billion, a P/E ratio of 9.73 and a beta of 0.74. Peoples Bancorp Inc. has a 12 month low of $26.74 and a 12 month high of $35.66.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly 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. The firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, sell-side analysts forecast that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Monday, November 4th. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Institutional Investors Weigh In On Peoples Bancorp

A number of large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Peoples Bancorp during the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new position in Peoples Bancorp during the second quarter valued at approximately $46,000. CWM LLC raised its stake in shares of Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after acquiring an additional 1,552 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after acquiring an additional 3,041 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Peoples Bancorp in the 3rd quarter valued at $123,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler cut their price target on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp has an average rating of “Hold” and a consensus target price of $33.50.

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.