Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares of the company's stock, valued at $1,000,759.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Peoples Bancorp Stock Performance
NASDAQ:PEBO opened at $34.55 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.84 and a beta of 0.74. The company has a 50-day moving average of $30.81 and a 200-day moving average of $30.43. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $35.66.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. The company had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same quarter last year, the business posted $1.06 EPS. Analysts forecast that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.
Peoples Bancorp Dividend Announcement
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The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Monday, November 4th. Peoples Bancorp's dividend payout ratio (DPR) is presently 45.58%.
Institutional Investors Weigh In On Peoples Bancorp
A number of institutional investors have recently added to or reduced their stakes in PEBO. Foundry Partners LLC raised its holdings in shares of Peoples Bancorp by 21.1% in the third quarter. Foundry Partners LLC now owns 162,956 shares of the bank's stock valued at $4,903,000 after buying an additional 28,346 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Peoples Bancorp in the 3rd quarter valued at about $1,244,000. Quest Partners LLC grew its position in shares of Peoples Bancorp by 808.2% during the 3rd quarter. Quest Partners LLC now owns 27,754 shares of the bank's stock worth $835,000 after buying an additional 24,698 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Peoples Bancorp by 34.6% in the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank's stock valued at $1,717,000 after buying an additional 14,658 shares during the period. Finally, Empowered Funds LLC boosted its stake in Peoples Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 136,348 shares of the bank's stock valued at $4,103,000 after acquiring an additional 6,834 shares during the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Piper Sandler reduced their price objective on Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Peoples Bancorp currently has a consensus rating of "Hold" and a consensus price target of $33.50.
Check Out Our Latest Analysis 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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