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

Peoples Bancorp Inc. (NASDAQ:PEBO) insider Matthew Edgell sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $34.36, for a total value of $103,080.00. Following the sale, the insider now directly owns 16,092 shares in the company, valued at $552,921.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Peoples Bancorp Trading Up 1.2 %

NASDAQ:PEBO opened at $34.55 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 9.84 and a beta of 0.74. Peoples Bancorp Inc. has a 52-week low of $26.74 and a 52-week high of $35.66. The stock’s 50 day moving average price is $30.81 and its 200 day moving average price is $30.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

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

Peoples Bancorp Announces Dividend

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

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in PEBO. Dimensional Fund Advisors LP lifted its position in Peoples Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after acquiring an additional 6,712 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Peoples Bancorp by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock worth $56,388,000 after purchasing an additional 18,272 shares during the period. American Century Companies Inc. grew its position in Peoples Bancorp by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after buying an additional 123,423 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Peoples Bancorp by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 318,966 shares of the bank’s stock valued at $9,569,000 after buying an additional 4,270 shares during the period. Finally, ProShare Advisors LLC raised its position in Peoples Bancorp by 8.2% during the 1st quarter. ProShare Advisors LLC now owns 272,372 shares of the bank’s stock worth $8,065,000 after buying an additional 20,732 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.50.

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.