Carol A. Schneeberger Sells 1,000 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $34.13, for a total value of $34,130.00. Following the sale, the director now directly owns 29,322 shares of the company’s stock, valued at approximately $1,000,759.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Peoples Bancorp Stock Up 1.2 %

Shares of Peoples Bancorp stock opened at $34.55 on Friday. Peoples Bancorp Inc. has a one year low of $26.74 and a one year high of $35.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $30.81 and its 200 day moving average is $30.44. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.84 and a beta of 0.74.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.07. The business had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter in the prior year, the company earned $1.06 earnings per share. Equities research analysts anticipate that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Institutional Trading of Peoples Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in Peoples Bancorp during the second quarter valued at $46,000. CWM LLC boosted its stake in Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after buying an additional 1,552 shares during the period. Quest Partners LLC boosted its stake in Peoples Bancorp by 20,273.3% during the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after buying an additional 3,041 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in Peoples Bancorp during the third quarter worth about $123,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.