Key Points
- Director Carol Schneeberger sold 1,000 PEBO shares on Feb. 9 at an average price of $33.92 (~$33,920), reducing her stake by 4.5% to 21,204 shares; the transaction was disclosed in an SEC filing.
- Peoples Bancorp beat quarterly estimates with EPS of $0.93 (vs. $0.88) on $119.57M revenue and declared a quarterly dividend of $0.41 ($1.64 annualized), implying a 4.8% yield.
- Analysts are split but show a consensus "Moderate Buy" target of $33.63, while institutional investors hold about 60.7% of the stock; the company has a market cap of ~$1.21B and a PE of 11.33.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol Schneeberger sold 1,000 shares of the company's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $33.92, for a total value of $33,920.00. Following the sale, the director owned 21,204 shares of the company's stock, valued at $719,239.68. The trade was a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Peoples Bancorp Trading Down 0.9%
Shares of PEBO stock opened at $33.88 on Tuesday. Peoples Bancorp Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $34.31. The stock's fifty day moving average price is $31.35 and its two-hundred day moving average price is $30.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $1.21 billion, a PE ratio of 11.33 and a beta of 0.68.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.05. The business had revenue of $119.57 million during the quarter, compared to the consensus estimate of $117.97 million. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%. Equities analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.
Peoples Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, February 2nd. Peoples Bancorp's dividend payout ratio (DPR) is presently 54.85%.
Hedge Funds Weigh In On Peoples Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its holdings in Peoples Bancorp by 35.5% in the second quarter. Creative Planning now owns 44,061 shares of the bank's stock worth $1,346,000 after purchasing an additional 11,533 shares in the last quarter. CSM Advisors LLC bought a new position in shares of Peoples Bancorp during the 2nd quarter worth approximately $4,887,000. Bank of New York Mellon Corp grew its position in shares of Peoples Bancorp by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 260,719 shares of the bank's stock worth $7,962,000 after buying an additional 6,654 shares during the period. American Century Companies Inc. grew its position in shares of Peoples Bancorp by 7.1% during the 2nd quarter. American Century Companies Inc. now owns 915,692 shares of the bank's stock worth $27,965,000 after buying an additional 60,921 shares during the period. Finally, LSV Asset Management increased its stake in shares of Peoples Bancorp by 2.6% in the 2nd quarter. LSV Asset Management now owns 151,916 shares of the bank's stock valued at $4,640,000 after acquiring an additional 3,830 shares in the last quarter. 60.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently commented on PEBO. Piper Sandler dropped their price objective on shares of Peoples Bancorp from $36.00 to $33.50 and set an "overweight" rating for the company in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. Weiss Ratings upgraded Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, January 27th. Finally, DA Davidson set a $35.00 target price on Peoples Bancorp in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.63.
Check Out Our Latest Stock Analysis on PEBO
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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