Key Points
- Insider sale: Director Carol Schneeberger sold 1,000 shares on Jan. 8 at an average price of $30.60 for $30,600, cutting her stake by 4.31% to 22,204 shares (valued at about $679,442), as disclosed in an SEC filing.
- The company showed a quarterly EPS beat ($0.90 vs. $0.83), has a market cap of $1.10 billion and a P/E of 10.78, and carries a consensus analyst rating of "Moderate Buy" with a $33.13 target.
- Dividend yield: Peoples Bancorp pays a $0.41 quarterly dividend (annualized $1.64) for a ~5.3% yield, with a dividend payout ratio of 57.34%.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) 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 value of $30,600.00. Following the transaction, the director directly owned 22,204 shares of the company's stock, valued at $679,442.40. This represents a 4.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Peoples Bancorp Stock Performance
PEBO opened at $30.83 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.78 and a beta of 0.65. The stock's 50 day moving average price is $30.05 and its two-hundred day moving average price is $30.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $33.83.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The bank reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.07. Peoples Bancorp had a return on equity of 9.35% and a net margin of 16.57%.The company had revenue of $118.51 million during the quarter, compared to analyst estimates of $116.88 million. On average, equities analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.
Peoples Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Tuesday, November 4th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, November 4th. Peoples Bancorp's dividend payout ratio (DPR) is currently 57.34%.
Analyst Ratings Changes
PEBO has been the topic of a number of research reports. Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, October 25th. DA Davidson began coverage on shares of Peoples Bancorp in a research note on Wednesday, October 22nd. They set a "buy" rating and a $33.00 price target on the stock. Weiss Ratings upgraded shares of Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, December 29th. Zacks Research raised shares of Peoples Bancorp from a "strong sell" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Piper Sandler decreased their target price on shares of Peoples Bancorp from $36.00 to $33.50 and set an "overweight" rating on the stock in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.13.
Get Our Latest Stock Analysis on Peoples Bancorp
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co grew its holdings in shares of Peoples Bancorp by 2.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 16,600 shares of the bank's stock worth $508,000 after purchasing an additional 400 shares during the last quarter. Shoker Investment Counsel Inc. lifted its holdings in Peoples Bancorp by 1.4% during the 3rd quarter. Shoker Investment Counsel Inc. now owns 29,449 shares of the bank's stock valued at $883,000 after purchasing an additional 405 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Peoples Bancorp by 1.5% in the second quarter. Wedge Capital Management L L P NC now owns 27,110 shares of the bank's stock valued at $828,000 after buying an additional 410 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in Peoples Bancorp by 3.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank's stock worth $337,000 after buying an additional 418 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Peoples Bancorp by 1.9% during the second quarter. Cetera Investment Advisers now owns 22,906 shares of the bank's stock worth $700,000 after buying an additional 418 shares during the last quarter. 60.68% of the stock is owned by institutional investors.
About Peoples Bancorp
(
Get Free Report)
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.
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