Peoples Bancorp (NASDAQ:PEBO) Hits New 52-Week High – Time to Buy?

Peoples Bancorp Inc. (NASDAQ:PEBO)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $36.19 and last traded at $35.74, with a volume of 14059 shares traded. The stock had previously closed at $35.80.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler cut 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Hold” and a consensus price target of $33.50.

Peoples Bancorp Stock Performance

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 stock has a market capitalization of $1.26 billion, a P/E ratio of 10.20 and a beta of 0.74. The business has a 50-day moving average price of $30.88 and a 200 day moving average price of $30.48.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, sell-side analysts forecast that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.51%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Insider Activity

In other news, Director David F. Dierker sold 1,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total value of $30,360.00. Following the transaction, the director now owns 10,330 shares of the company’s stock, valued at approximately $313,618.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David F. Dierker sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the transaction, the director now owns 10,330 shares of the company’s stock, valued at approximately $313,618.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the completion of the sale, the director now directly owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,541 shares of company stock worth $351,856 in the last three months. Company insiders own 3.46% of the company’s stock.

Institutional Trading of Peoples Bancorp

A number of institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in Peoples Bancorp in the second quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in Peoples Bancorp in the second quarter valued at approximately $46,000. CWM LLC grew its holdings in Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the period. Quest Partners LLC increased its position in shares of Peoples Bancorp by 20,273.3% in 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 in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp during the 3rd quarter worth approximately $123,000. 60.68% of the stock is currently owned by 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.