Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the sale, the director now directly owns 27,686 shares in the company, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peoples Bancorp Stock Down 0.9 %

Shares of NASDAQ:PEBO opened at $31.17 on Thursday. The stock has a 50-day simple moving average of $33.68 and a 200-day simple moving average of $31.79. The stock has a market capitalization of $1.11 billion, a P/E ratio of 8.88 and a beta of 0.79. Peoples Bancorp Inc. has a 1 year low of $26.74 and a 1 year 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.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $112.30 million. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities analysts forecast 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 was paid on Monday, November 18th. Investors of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 5.13%. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Peoples Bancorp currently has an average rating of “Hold” and an average price target of $34.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PEBO. FMR LLC raised its holdings in shares of Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after buying an additional 370 shares during the period. CWM LLC lifted its stake in shares of Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after acquiring an additional 1,552 shares in the last quarter. Quest Partners LLC boosted its holdings in 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 purchasing an additional 3,041 shares during the last quarter. nVerses Capital LLC increased its holdings in Peoples Bancorp by 322.2% during the 3rd quarter. nVerses Capital LLC now owns 3,800 shares of the bank’s stock worth $114,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Peoples Bancorp by 223.3% in the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,738 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

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.