Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) EVP Michael Ryan Kirkham sold 700 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $29.48, for a total value of $20,636.00. Following the completion of the transaction, the executive vice president now directly owns 10,710 shares in the company, valued at $315,730.80. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Peoples Bancorp Stock Performance
NASDAQ PEBO opened at $30.00 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 capitalization of $1.06 billion, a price-to-earnings ratio of 8.98 and a beta of 0.76. The firm's 50 day simple moving average is $28.36 and its 200 day simple moving average is $29.46. Peoples Bancorp Inc. has a 1 year low of $23.05 and a 1 year high of $34.85.
Peoples Bancorp Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be paid a $0.40 dividend. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.33%. Peoples Bancorp's payout ratio is currently 46.71%.
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PEBO has been the subject of several research analyst reports. StockNews.com upgraded shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, April 27th. Piper Sandler started coverage on shares of Peoples Bancorp in a research report on Friday, February 23rd. They issued an "overweight" rating and a $34.00 price objective for the company. Stephens reiterated an "equal weight" rating and set a $34.00 target price on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Finally, Hovde Group initiated coverage on shares of Peoples Bancorp in a research note on Monday, April 1st. They issued a "market perform" rating and a $31.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $33.40.
Read Our Latest Analysis on PEBO
Hedge Funds Weigh In On Peoples Bancorp
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shoker Investment Counsel Inc. raised its holdings in shares of Peoples Bancorp by 1.2% during the first quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank's stock valued at $874,000 after purchasing an additional 363 shares during the period. BNP Paribas Financial Markets grew its position in Peoples Bancorp by 126.0% in the 1st quarter. BNP Paribas Financial Markets now owns 20,367 shares of the bank's stock worth $603,000 after purchasing an additional 11,354 shares in the last quarter. Principal Financial Group Inc. grew its position in Peoples Bancorp by 25.8% in the 1st quarter. Principal Financial Group Inc. now owns 16,844 shares of the bank's stock worth $499,000 after purchasing an additional 3,453 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Peoples Bancorp by 17.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,652 shares of the bank's stock valued at $375,000 after acquiring an additional 1,900 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Peoples Bancorp during the 1st quarter valued at approximately $118,000. Institutional investors and hedge funds 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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