Key Points
- Michael Ryan Kirkham sold 986 shares of Peoples Bancorp on March 3 at an average price of $32.47 for $32,015.42, reducing his stake to 16,289 shares—a 5.71% decrease—according to the SEC filing.
- Peoples Bancorp declared a quarterly dividend of $0.41 (annualized $1.64), implying a 5.1% yield and a payout ratio of 54.85%, paid Feb. 17 with an ex-dividend date of Feb. 2.
- The stock traded down about 1.9% to $32.15 after the bank posted quarterly EPS of $0.93 (beating $0.88 est.) and $119.6M revenue; the company has a market cap of ~ $1.15B, a P/E of 10.75, and an average analyst rating of "Moderate Buy" (target $33.63).
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) EVP Michael Ryan Kirkham sold 986 shares of Peoples Bancorp stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $32.47, for a total transaction of $32,015.42. Following the transaction, the executive vice president directly owned 16,289 shares of the company's stock, valued at approximately $528,903.83. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Peoples Bancorp Trading Down 1.9%
NASDAQ PEBO traded down $0.62 during trading on Thursday, hitting $32.15. The stock had a trading volume of 67,089 shares, compared to its average volume of 294,761. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $34.33. The stock has a 50 day simple moving average of $32.12 and a 200 day simple moving average of $30.70. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.75 and a beta of 0.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.05. The firm had revenue of $119.57 million during the quarter, compared to analyst estimates of $117.97 million. Peoples Bancorp had a return on equity of 9.51% and a net margin of 17.27%. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.
Peoples Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.41 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.1%. Peoples Bancorp's dividend payout ratio is presently 54.85%.
Hedge Funds Weigh In On Peoples Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its holdings in Peoples Bancorp by 248.8% during the fourth quarter. Invesco Ltd. now owns 211,869 shares of the bank's stock valued at $6,362,000 after buying an additional 151,125 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Peoples Bancorp by 35.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,695 shares of the bank's stock valued at $291,000 after acquiring an additional 2,559 shares during the period. Empowered Funds LLC increased its holdings in shares of Peoples Bancorp by 6.8% in the 4th quarter. Empowered Funds LLC now owns 152,746 shares of the bank's stock valued at $4,587,000 after acquiring an additional 9,759 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Peoples Bancorp by 40.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 116,805 shares of the bank's stock worth $3,508,000 after purchasing an additional 33,526 shares during the last quarter. Finally, Numerai GP LLC boosted its position in Peoples Bancorp by 51.1% during the fourth quarter. Numerai GP LLC now owns 30,751 shares of the bank's stock valued at $923,000 after purchasing an additional 10,395 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on PEBO shares. Weiss Ratings upgraded shares of Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, January 27th. DA Davidson set a $35.00 price target on Peoples Bancorp in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Peoples Bancorp currently has an average rating of "Moderate Buy" and an average target price of $33.63.
View 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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