Peoples Bancorp (NASDAQ:PEBO) Director Buys $34,510.00 in Stock

Key Points

  • Director Dwight Eric Smith bought 1,000 shares at $34.51 on April 27 for $34,510, raising his stake to 9,256 shares (a 12.11% increase), per an SEC filing.
  • Peoples Bancorp raised its quarterly dividend to $0.42 (annualized $1.68), implying a 4.8% yield; shareholders of record on May 4 will be paid on May 18.
  • The bank beat Q1 estimates with EPS of $0.82 (vs. $0.80 est.) and revenue of $119.33M, and analysts have raised targets—consensus is a "Moderate Buy" with a $37 price target (Piper Sandler at $41).

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Dwight Eric Smith bought 1,000 shares of the firm's stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $34.51 per share, with a total value of $34,510.00. Following the completion of the transaction, the director owned 9,256 shares in the company, valued at $319,424.56. This represents a 12.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp Trading Up 1.2%

Shares of NASDAQ PEBO opened at $34.92 on Wednesday. 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 business has a fifty day simple moving average of $33.04 and a two-hundred day simple moving average of $31.46. The firm has a market cap of $1.25 billion, a PE ratio of 11.19 and a beta of 0.64. Peoples Bancorp Inc. has a twelve month low of $27.49 and a twelve month high of $35.46.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.02. The business had revenue of $119.33 million during the quarter, compared to analyst estimates of $118.72 million. Peoples Bancorp had a return on equity of 9.82% and a net margin of 17.92%. Analysts expect that Peoples Bancorp Inc. will post 3.41 earnings per share for the current fiscal year.

Peoples Bancorp Increases Dividend




The company also recently announced a quarterly dividend, which will be paid on Monday, May 18th. Shareholders of record on Monday, May 4th will be given a dividend of $0.42 per share. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 4th. This represents a $1.68 dividend on an annualized basis and a yield of 4.8%. Peoples Bancorp's dividend payout ratio is presently 52.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL increased its holdings in shares of Peoples Bancorp by 211.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 83,279 shares of the bank's stock valued at $2,498,000 after acquiring an additional 56,548 shares during the period. Segall Bryant & Hamill LLC grew its stake in Peoples Bancorp by 32.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 216,843 shares of the bank's stock worth $6,503,000 after buying an additional 52,608 shares during the last quarter. American Century Companies Inc. grew its stake in 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 buying an additional 75,231 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Peoples Bancorp during the 3rd quarter worth $541,000. Finally, SG Americas Securities LLC purchased a new position in Peoples Bancorp during the 3rd quarter worth $487,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PEBO shares. Piper Sandler lifted their price target on Peoples Bancorp from $37.00 to $41.00 and gave the company an "overweight" rating in a report on Thursday, April 23rd. Hovde Group lifted their price target on Peoples Bancorp from $33.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, April 22nd. DA Davidson lifted their price target on Peoples Bancorp from $37.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Peoples Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Get Our Latest Report on PEBO

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.

Further Reading

Insider Buying and Selling by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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