Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $31.41, for a total value of $31,410.00. Following the completion of the sale, the director directly owned 18,309 shares of the company's stock, valued at $575,085.69. The trade was a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Peoples Bancorp Stock Performance
Shares of PEBO opened at $31.82 on Tuesday. The company's 50 day simple moving average is $32.36 and its 200-day simple moving average is $30.79. The firm has a market cap of $1.14 billion, a PE ratio of 10.64 and a beta of 0.68. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $34.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.17.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released 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. The firm had revenue of $119.57 million during the quarter, compared to the consensus estimate of $117.97 million. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.51%. As a group, equities analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.
Peoples Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued 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 was Monday, February 2nd. Peoples Bancorp's dividend payout ratio is presently 54.85%.
Hedge Funds Weigh In On Peoples Bancorp
Several institutional investors have recently bought and sold shares of PEBO. Larson Financial Group LLC purchased a new position in Peoples Bancorp during the 3rd quarter worth $30,000. Quarry LP acquired a new stake in shares of Peoples Bancorp in the 3rd quarter worth $35,000. State of Alaska Department of Revenue purchased a new stake in shares of Peoples Bancorp in the third quarter valued at about $42,000. Strs Ohio acquired a new position in shares of Peoples Bancorp during the first quarter worth about $62,000. Finally, Accredited Wealth Management LLC increased its stake in shares of Peoples Bancorp by 524.0% during the third quarter. Accredited Wealth Management LLC now owns 2,184 shares of the bank's stock worth $65,000 after acquiring an additional 1,834 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Weiss Ratings raised Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, January 27th. DA Davidson set a $35.00 price objective on Peoples Bancorp in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Peoples Bancorp has a consensus rating of "Moderate Buy" and an average target price of $33.63.
Check Out Our Latest Research 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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