Key Points
- Peoples Bancorp insider Matthew Edgell sold 3,000 shares at an average price of $41.27, generating $123,810 and reducing his direct holdings by 12.94% to 20,183 shares.
- The bank’s latest quarterly results beat expectations, with EPS of $0.96 versus the $0.85 consensus and revenue of $121.95 million versus estimates of $120.05 million.
- Peoples Bancorp declared a quarterly dividend of $0.42 per share, equivalent to $1.68 annually and a 4.1% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $42.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the transaction, the insider directly owned 20,183 shares in the company, valued at approximately $832,952.41. This trade represents a 12.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peoples Bancorp Price Performance
Shares of NASDAQ PEBO opened at $40.93 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of 12.37 and a beta of 0.61. Peoples Bancorp Inc. has a twelve month low of $27.49 and a twelve month high of $42.29. The stock has a 50 day moving average of $38.30 and a two-hundred day moving average of $35.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.11. The business had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. On average, research analysts forecast that Peoples Bancorp Inc. will post 3.56 earnings per share for the current year.
Peoples Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.1%. Peoples Bancorp's dividend payout ratio is currently 50.76%.
Institutional Trading of Peoples Bancorp
Institutional investors have recently modified their holdings of the business. Jackson Creek Investment Advisors LLC purchased a new position in Peoples Bancorp in the fourth quarter valued at about $1,817,000. UBS Group AG boosted its stake in shares of Peoples Bancorp by 391.8% during the 4th quarter. UBS Group AG now owns 198,742 shares of the bank's stock worth $5,968,000 after acquiring an additional 158,327 shares in the last quarter. Tudor Investment Corp ET AL grew 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 worth $2,498,000 after acquiring an additional 56,548 shares during the period. Vanguard Group Inc. grew its holdings in shares of Peoples Bancorp by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 2,080,137 shares of the bank's stock worth $62,467,000 after acquiring an additional 48,166 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Peoples Bancorp by 28.5% in the 1st quarter. Segall Bryant & Hamill LLC now owns 259,843 shares of the bank's stock worth $8,541,000 after acquiring an additional 57,650 shares during the period. 60.68% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. DA Davidson lifted their price objective on shares of Peoples Bancorp from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Hovde Group raised their price target on Peoples Bancorp from $33.00 to $36.00 and gave the stock a "market perform" rating in a report on Wednesday, April 22nd. Piper Sandler set a $46.00 price target on Peoples Bancorp in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Peoples Bancorp from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.00.
Read 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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