Peoples Bancorp (NASDAQ:PEBO) Director Kevin Reeves Purchases 1,250 Shares of Stock

Key Points

  • Insider purchase: Director Kevin Reeves bought 1,250 shares on Nov. 11 at an average price of $29.11, spending $36,387.50 and increasing his stake to 13,055 shares (a 10.59% ownership increase), according to an SEC filing.
  • Dividend: The company declared a quarterly $0.41 dividend (ex-dividend Nov. 4, payable Nov. 18), equal to a $1.64 annualized payout and a 5.5% yield with a 57.34% payout ratio.
  • Financial and market context: Peoples Bancorp beat Q3 EPS estimates ($0.90 vs. $0.83), trades around $29.65 with a $1.06B market cap and 10.33 P/E, and carries a consensus analyst rating of "Hold" with a $33.13 target.

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Kevin Reeves acquired 1,250 shares of the company's stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average cost of $29.11 per share, for a total transaction of $36,387.50. Following the acquisition, the director owned 13,055 shares in the company, valued at approximately $380,031.05. This trade represents a 10.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Peoples Bancorp Stock Performance

NASDAQ PEBO traded up $0.12 on Thursday, hitting $29.65. The stock had a trading volume of 25,514 shares, compared to its average volume of 154,996. The company's 50-day moving average is $29.67 and its two-hundred day moving average is $29.89. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $37.07. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.33 and a beta of 0.70. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.20.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings results on Tuesday, October 21st. The bank reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. Peoples Bancorp had a return on equity of 9.45% and a net margin of 16.57%.The company had revenue of ($221.08) million for the quarter, compared to analysts' expectations of $116.88 million. On average, analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement




The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Tuesday, November 4th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.64 annualized dividend and a dividend yield of 5.5%. Peoples Bancorp's dividend payout ratio is presently 57.34%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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 for the company. Zacks Research upgraded shares of Peoples Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Piper Sandler cut their target price on Peoples Bancorp from $36.00 to $33.50 and set an "overweight" rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Peoples Bancorp in a research report on Friday, October 31st. Finally, Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Peoples Bancorp has a consensus rating of "Hold" and a consensus target price of $33.13.

View Our Latest Stock Report on PEBO

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in shares of Peoples Bancorp by 422.4% during the 2nd quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank's stock valued at $10,687,000 after purchasing an additional 282,960 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Peoples Bancorp during the 1st quarter valued at about $8,294,000. Segall Bryant & Hamill LLC bought a new position in shares of Peoples Bancorp in the 1st quarter valued at approximately $4,986,000. CSM Advisors LLC bought a new stake in Peoples Bancorp during the second quarter worth approximately $4,887,000. Finally, Nuveen LLC acquired a new stake in shares of Peoples Bancorp in the first quarter worth $3,721,000. Institutional investors and hedge funds own 60.68% of the company's stock.

Peoples Bancorp Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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