Key Points
- Director Dwight Eric Smith purchased 500 shares on January 22 at an average price of $32.62 (total $16,310), increasing his direct stake to 8,199 shares—a 6.49% rise—and the trade was disclosed in an SEC filing.
- Financials & dividend: Peoples Bancorp beat quarterly estimates with $0.93 EPS (vs. $0.88) and $119.57M revenue, and declared a $0.41 quarterly dividend (annualized $1.64), implying a 5.2% yield and a 54.85% payout ratio.
- Market and analyst view: The bank has a $1.12B market cap and a 10.5 P/E, about 60.7% institutional ownership, and a consensus analyst rating of "Hold" with an average target of $33.63.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Dwight Eric Smith purchased 500 shares of the firm's stock in a transaction on Thursday, January 22nd. The shares were acquired at an average cost of $32.62 per share, with a total value of $16,310.00. Following the completion of the acquisition, the director directly owned 8,199 shares in the company, valued at $267,451.38. The trade was a 6.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Dwight Eric Smith also recently made the following trade(s):
- On Friday, November 21st, Dwight Eric Smith acquired 200 shares of Peoples Bancorp stock. The stock was acquired at an average price of $28.56 per share, for a total transaction of $5,712.00.
Peoples Bancorp Price Performance
Shares of NASDAQ PEBO opened at $31.40 on Friday. The stock's 50-day simple moving average is $30.56 and its 200-day simple moving average is $30.10. The firm has a market capitalization of $1.12 billion, a PE ratio of 10.50 and a beta of 0.65. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $33.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.61%. The company had revenue of $119.57 million for the quarter, compared to analyst estimates of $117.97 million. As a group, equities research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.
Peoples Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, February 2nd. Peoples Bancorp's dividend payout ratio (DPR) is 54.85%.
Institutional Investors Weigh In On Peoples Bancorp
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. boosted its stake in shares of Peoples Bancorp by 422.4% during the second quarter. Raymond James Financial Inc. now owns 349,948 shares of the bank's stock worth $10,687,000 after buying an additional 282,960 shares during the period. CSM Advisors LLC purchased a new stake in Peoples Bancorp during the 2nd quarter valued at approximately $4,887,000. Millennium Management LLC raised its stake in Peoples Bancorp by 46.9% during the 3rd quarter. Millennium Management LLC now owns 400,064 shares of the bank's stock valued at $11,998,000 after acquiring an additional 127,778 shares during the last quarter. AQR Capital Management LLC lifted its position in Peoples Bancorp by 83.5% during the 2nd quarter. AQR Capital Management LLC now owns 186,501 shares of the bank's stock worth $5,696,000 after acquiring an additional 84,848 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Peoples Bancorp by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank's stock valued at $29,718,000 after purchasing an additional 75,231 shares during the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. DA Davidson set a $35.00 price target on shares of Peoples Bancorp in a research report on Wednesday. Weiss Ratings cut Peoples Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, January 12th. Piper Sandler decreased 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. Finally, Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Peoples Bancorp has a consensus rating of "Hold" and an average target price of $33.63.
Get Our Latest Stock Report on Peoples Bancorp
Peoples Bancorp Company Profile
(
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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