Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger Sells 1,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the transaction, the director now owns 27,686 shares of the company’s stock, valued at approximately $858,819.72. This represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO traded down $0.27 during trading on Wednesday, reaching $31.17. The stock had a trading volume of 94,053 shares, compared to its average volume of 125,853. The stock has a market capitalization of $1.11 billion, a PE ratio of 8.88 and a beta of 0.79. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. The business’s 50-day moving average price is $33.69 and its 200 day moving average price is $31.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. As a group, equities analysts predict that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Analysts Set New Price Targets

PEBO has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler dropped their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp has an average rating of “Hold” and a consensus target price of $34.25.

Hedge Funds Weigh In On Peoples Bancorp

A number of large investors have recently modified their holdings of the stock. Foundry Partners LLC lifted its holdings in Peoples Bancorp by 21.1% during the 3rd quarter. Foundry Partners LLC now owns 162,956 shares of the bank’s stock worth $4,903,000 after buying an additional 28,346 shares in the last quarter. Jane Street Group LLC boosted its holdings in Peoples Bancorp by 55.8% in the third quarter. Jane Street Group LLC now owns 56,345 shares of the bank’s stock valued at $1,695,000 after acquiring an additional 20,173 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Peoples Bancorp by 34.6% in the third quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank’s stock worth $1,717,000 after purchasing an additional 14,658 shares during the period. Barclays PLC raised its holdings in Peoples Bancorp by 138.9% during the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank’s stock worth $1,898,000 after purchasing an additional 36,684 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Peoples Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after purchasing an additional 22,285 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.

About Peoples Bancorp

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.