Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker Sells 420 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker sold 420 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $31.11, for a total value of $13,066.20. Following the completion of the sale, the director now directly owns 9,714 shares of the company’s stock, valued at approximately $302,202.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Peoples Bancorp Stock Down 2.8 %

NASDAQ PEBO opened at $30.38 on Friday. Peoples Bancorp Inc. has a 1 year low of $25.58 and a 1 year high of $34.85. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50-day moving average is $30.61 and its 200 day moving average is $30.13.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results 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 return on equity of 12.01% and a net margin of 20.16%. The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. Sell-side analysts forecast that Peoples Bancorp Inc. will post 3.29 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. Investors of record on Monday, November 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Monday, November 4th. Peoples Bancorp’s dividend payout ratio is currently 47.90%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.50.

Institutional Trading of Peoples Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Shoker Investment Counsel Inc. raised its position in shares of Peoples Bancorp by 1.2% in the 2nd quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock worth $924,000 after acquiring an additional 356 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Peoples Bancorp by 3.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock worth $362,000 after purchasing an additional 381 shares in the last quarter. nVerses Capital LLC purchased a new position in Peoples Bancorp during the second quarter valued at $27,000. Wedge Capital Management L L P NC boosted its holdings in shares of Peoples Bancorp by 4.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 24,567 shares of the bank’s stock valued at $737,000 after buying an additional 960 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Peoples Bancorp by 3.1% during the 2nd quarter. Victory Capital Management Inc. now owns 35,050 shares of the bank’s stock valued at $1,052,000 after buying an additional 1,050 shares in the last quarter. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

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.