Insider Selling: Peoples Bancorp (NASDAQ:PEBO) Director Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $30.60, for a total transaction of $30,600.00. Following the sale, the director owned 22,204 shares in the company, valued at $679,442.40. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peoples Bancorp Stock Down 0.4%

Shares of NASDAQ PEBO traded down $0.11 during midday trading on Friday, hitting $31.17. The company’s stock had a trading volume of 25,678 shares, compared to its average volume of 168,630. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 10.90 and a beta of 0.65. The business’s fifty day simple moving average is $30.01 and its two-hundred day simple moving average is $30.07. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $33.83.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, October 21st. The bank reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. Peoples Bancorp had a net margin of 16.57% and a return on equity of 9.35%. The company had revenue of $118.51 million for the quarter, compared to analyst estimates of $116.88 million. On average, equities analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Tuesday, November 4th were issued a $0.41 dividend. The ex-dividend date was Tuesday, November 4th. This represents a $1.64 dividend on an annualized basis and a yield of 5.3%. Peoples Bancorp’s dividend payout ratio (DPR) is 57.34%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Zacks Research raised Peoples Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings raised shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Piper Sandler decreased their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, DA Davidson assumed coverage on shares of Peoples Bancorp in a report on Wednesday, October 22nd. They issued a “buy” rating and a $33.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Peoples Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $33.13.

Hedge Funds Weigh In On Peoples Bancorp

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Peoples Bancorp by 4.9% during the 1st quarter. Royal Bank of Canada now owns 23,996 shares of the bank’s stock worth $711,000 after buying an additional 1,111 shares during the last quarter. AQR Capital Management LLC raised its stake in Peoples Bancorp by 46.5% during the 1st quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock worth $3,015,000 after acquiring an additional 32,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Peoples Bancorp by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank’s stock valued at $609,000 after acquiring an additional 862 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Peoples Bancorp by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank’s stock valued at $2,441,000 after acquiring an additional 5,175 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Peoples Bancorp by 87.2% in the first quarter. Jane Street Group LLC now owns 64,668 shares of the bank’s stock valued at $1,918,000 after acquiring an additional 30,121 shares in the last quarter. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

About Peoples Bancorp

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.