Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells $137,240.00 in Stock

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

Peoples Bancorp Trading Down 2.9 %

PEBO stock traded down $1.01 during mid-day trading on Thursday, reaching $34.37. 59,789 shares of the stock traded hands, compared to its average volume of 125,974. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a 52-week low of $26.74 and a 52-week high of $35.66. The company has a market cap of $1.22 billion, a P/E ratio of 10.08 and a beta of 0.74. The stock’s fifty day moving average is $30.71 and its 200-day moving average is $30.36.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating 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 company had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. During the same period in the prior year, the firm earned $1.06 earnings per share. As a group, sell-side analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The business also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is 45.58%.

Wall Street Analyst Weigh In

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

Institutional Trading of Peoples Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its position in shares of Peoples Bancorp by 34.6% in the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after purchasing an additional 14,658 shares in the last quarter. Empowered Funds LLC raised its position in Peoples Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 136,348 shares of the bank’s stock valued at $4,103,000 after acquiring an additional 6,834 shares in the last quarter. Victory Capital Management Inc. raised its position in Peoples Bancorp by 6.1% during the third quarter. Victory Capital Management Inc. now owns 37,200 shares of the bank’s stock valued at $1,119,000 after acquiring an additional 2,150 shares in the last quarter. Buckingham Capital Management Inc. raised its position in Peoples Bancorp by 40.2% during the third quarter. Buckingham Capital Management Inc. now owns 13,389 shares of the bank’s stock valued at $403,000 after acquiring an additional 3,840 shares in the last quarter. Finally, Shoker Investment Counsel Inc. raised its position in Peoples Bancorp by 1.2% during the third quarter. Shoker Investment Counsel Inc. now owns 31,151 shares of the bank’s stock valued at $937,000 after acquiring an additional 362 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

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.