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 Peoples Bancorp stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $31.11, for a total value of $13,066.20. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp Trading Down 3.4 %

Shares of PEBO traded down $1.05 during trading hours on Friday, hitting $30.19. The company had a trading volume of 50,951 shares, compared to its average volume of 124,208. Peoples Bancorp Inc. has a 52-week low of $25.58 and a 52-week high of $34.85. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $30.61 and its 200 day moving average price is $30.12. The firm has a market cap of $1.07 billion, a P/E ratio of 9.15 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. The business had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. During the same period in the previous year, the firm earned $1.06 EPS. On average, research analysts predict that Peoples Bancorp Inc. will post 3.29 EPS for the current year.

Peoples Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 5.30%. Peoples Bancorp’s payout ratio is currently 47.90%.

Institutional Investors Weigh In On Peoples Bancorp

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in Peoples Bancorp in the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of Peoples Bancorp during the second quarter valued at approximately $46,000. CWM LLC lifted its stake in 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 during the period. 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 acquiring an additional 3,041 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Peoples Bancorp during the 3rd quarter valued at about $123,000. Institutional investors own 60.68% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price target 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. 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 data from MarketBeat.com, Peoples Bancorp has a consensus rating of “Hold” and a consensus target price of $33.50.

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.