Key Points
- Director Carol Schneeberger sold 1,895 shares on March 11 at an average price of $31.37 for about $59,446, reducing her ownership by 8.94% to 19,309 shares valued at roughly $605,723.
- Peoples Bancorp declared a quarterly dividend of $0.41 (annualized $1.64), representing a 5.2% yield and a payout ratio of 54.85%.
- The bank reported $0.93 EPS for the quarter (beating the $0.88 estimate); the stock has a $1.14B market cap, a PE of 10.57, and a consensus analyst rating of "Moderate Buy" with an average target of $33.63.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol Schneeberger sold 1,895 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $31.37, for a total value of $59,446.15. Following the sale, the director directly owned 19,309 shares in the company, valued at $605,723.33. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Peoples Bancorp Stock Performance
Shares of PEBO stock opened at $31.60 on Friday. Peoples Bancorp Inc. has a 52-week low of $26.21 and a 52-week high of $34.33. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.14 billion, a PE ratio of 10.57 and a beta of 0.68. The business has a 50-day simple moving average of $32.34 and a 200-day simple moving average of $30.79.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. The firm had revenue of $119.57 million for 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%. On average, equities analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.
Peoples Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 5.2%. Peoples Bancorp's dividend payout ratio is 54.85%.
Hedge Funds Weigh In On Peoples Bancorp
Large investors have recently added to or reduced their stakes in the stock. Creative Planning grew its position in shares of Peoples Bancorp by 35.5% in the second quarter. Creative Planning now owns 44,061 shares of the bank's stock valued at $1,346,000 after purchasing an additional 11,533 shares during the period. Segall Bryant & Hamill LLC increased its stake in shares of Peoples Bancorp by 32.0% during the third quarter. Segall Bryant & Hamill LLC now owns 216,843 shares of the bank's stock worth $6,503,000 after purchasing an additional 52,608 shares in the last quarter. American Century Companies Inc. raised its position in shares of Peoples Bancorp by 8.2% during the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank's stock worth $29,718,000 after purchasing an additional 75,231 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Peoples Bancorp by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 260,719 shares of the bank's stock valued at $7,962,000 after buying an additional 6,654 shares in the last quarter. Finally, LSV Asset Management lifted its stake in 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 buying an additional 3,830 shares in the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on PEBO shares. Weiss Ratings upgraded shares of Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, January 27th. DA Davidson set a $35.00 price target on Peoples Bancorp in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.63.
Check Out Our Latest Analysis on Peoples Bancorp
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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