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 the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the sale, the director now owns 25,686 shares of the company’s stock, valued at $775,717.20. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peoples Bancorp Trading Up 0.3 %

Shares of PEBO stock opened at $29.38 on Thursday. Peoples Bancorp Inc. has a 52-week low of $26.74 and a 52-week high of $37.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market capitalization of $1.05 billion, a PE ratio of 8.88 and a beta of 0.75. The stock has a fifty day simple moving average of $31.82 and a two-hundred day simple moving average of $32.10.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period last year, the firm posted $1.04 earnings per share. On average, analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.45%. Peoples Bancorp’s dividend payout ratio (DPR) is 48.34%.

Institutional Investors Weigh In On Peoples Bancorp

Large investors have recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after purchasing an additional 693 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Peoples Bancorp by 815.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank’s stock worth $35,000 after purchasing an additional 987 shares during the last quarter. FMR LLC increased its holdings in shares of Peoples Bancorp by 42.0% in the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Peoples Bancorp in the fourth quarter worth about $43,000. Finally, Quantbot Technologies LP increased its holdings in shares of Peoples Bancorp by 223.3% in the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after purchasing an additional 2,738 shares during the last quarter. 60.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on PEBO shares. DA Davidson reduced their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler upped their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Stephens restated an “equal weight” rating and issued a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.90.

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.