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 stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total value of $31,020.00. Following the transaction, the director now owns 27,686 shares of the company’s stock, valued at approximately $858,819.72. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp Trading Down 0.9 %

Shares of Peoples Bancorp stock opened at $31.17 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $33.69 and a 200-day simple moving average of $31.78. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 8.88 and a beta of 0.79.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same period in the previous year, the firm earned $1.06 earnings per share. On average, equities analysts forecast that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were issued a $0.40 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.13%. Peoples Bancorp’s payout ratio is currently 45.58%.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Peoples Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock valued at $73,960,000 after buying an additional 6,712 shares during the period. State Street Corp boosted its holdings in Peoples Bancorp by 1.4% during the third quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after acquiring an additional 14,426 shares during the period. Geode Capital Management LLC boosted its stake in Peoples Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after purchasing an additional 22,285 shares during the period. American Century Companies Inc. grew its stake in shares of Peoples Bancorp by 26.7% in the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock worth $17,580,000 after acquiring an additional 123,423 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Peoples Bancorp by 153.6% in the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after purchasing an additional 213,488 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEBO has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price target 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 lowered their price target 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.25.

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.