Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director David F. Dierker sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $35.36, for a total value of $70,720.00. Following the sale, the director now directly owns 1,214 shares of the company's stock, valued at $42,927.04. The trade was a 62.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Peoples Bancorp Stock Up 0.1 %
PEBO opened at $35.11 on Tuesday. The business has a 50 day moving average of $32.16 and a 200-day moving average of $31.00. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.00 and a beta of 0.74. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a 1-year low of $26.74 and a 1-year high of $37.07.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $112.30 million. During the same period last year, the business posted $1.06 EPS. As a group, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.
Peoples Bancorp Dividend Announcement
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The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a yield of 4.56%. Peoples Bancorp's dividend payout ratio is 45.58%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler dropped their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $33.50.
View Our Latest Stock Analysis on PEBO
Institutional Trading of Peoples Bancorp
A number of hedge funds have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Peoples Bancorp during the second quarter valued at approximately $27,000. FMR LLC boosted its stake in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after buying an additional 370 shares in the last quarter. Innealta Capital LLC bought a new stake in Peoples Bancorp in the 2nd quarter valued at $46,000. CWM LLC increased its holdings in Peoples Bancorp by 503.9% in 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 period. Finally, Quest Partners LLC raised its stake in shares of Peoples Bancorp by 20,273.3% in 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 in the last quarter. Institutional investors own 60.68% of the company's stock.
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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