Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director David F. Dierker sold 420 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The stock was 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 owns 9,714 shares in the company, valued at $302,202.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Peoples Bancorp Trading Down 2.8 %
NASDAQ:PEBO opened at $30.38 on Friday. Peoples Bancorp Inc. has a 52 week low of $25.58 and a 52 week high of $34.85. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.10 and a beta of 0.75. The company's 50 day moving average price is $30.61 and its 200-day moving average price is $30.13. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. During the same quarter last year, the company earned $1.06 EPS. On average, equities research analysts forecast that Peoples Bancorp Inc. will post 3.29 earnings per share for the current fiscal year.
Peoples Bancorp Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Monday, November 4th. Peoples Bancorp's dividend payout ratio (DPR) is 47.90%.
Institutional Trading of Peoples Bancorp
A number of institutional investors have recently made changes to their positions in PEBO. nVerses Capital LLC purchased a new position in shares of Peoples Bancorp during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in Peoples Bancorp in the 2nd quarter worth approximately $46,000. CWM LLC raised its stake in Peoples Bancorp by 503.9% during the 3rd quarter. CWM LLC now owns 1,860 shares of the bank's stock valued at $56,000 after buying an additional 1,552 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Peoples Bancorp by 20,273.3% during the 2nd 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 during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Peoples Bancorp in the 3rd quarter worth $123,000. Hedge funds and other institutional investors own 60.68% of the company's stock.
Analyst Ratings Changes
Separately, Piper Sandler reduced their price target on Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $33.50.
View Our Latest Stock Report on PEBO
About Peoples Bancorp
(
Get Free Report)
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.
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