Key Points
- Insider sale: EVP Hugh Donlon sold 2,650 Peoples Bancorp shares for approximately $101,018, reducing his position by 12.61% to 18,365 shares.
- Financial performance: Peoples Bancorp reported quarterly earnings of $1.04 per share, beating estimates by $0.11, while revenue of $124.52 million also exceeded expectations.
- Investor outlook: The company declared a quarterly dividend of $0.42 per share, equal to a 4.4% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $42.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) EVP Hugh Donlon sold 2,650 shares of the business's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $38.12, for a total transaction of $101,018.00. Following the transaction, the executive vice president owned 18,365 shares of the company's stock, valued at approximately $700,073.80. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Peoples Bancorp Stock Up 0.0%
Shares of NASDAQ:PEBO opened at $38.20 on Friday. The company has a 50 day moving average price of $38.60 and a two-hundred day moving average price of $37.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $1.37 billion, a PE ratio of 11.27 and a beta of 0.62. Peoples Bancorp Inc. has a 52 week low of $28.01 and a 52 week high of $42.29.
Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The bank reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The company had revenue of $124.52 million for the quarter, compared to analysts' expectations of $123.40 million. Peoples Bancorp had a net margin of 19.76% and a return on equity of 11.10%. Analysts forecast that Peoples Bancorp Inc. will post 3.74 earnings per share for the current year.
Peoples Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 2nd. Peoples Bancorp's dividend payout ratio (DPR) is presently 50.76%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Piper Sandler lifted their target price on Peoples Bancorp from $46.00 to $48.00 and gave the stock an "overweight" rating in a report on Thursday. Weiss Ratings restated a "buy (b)" rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Zacks Research raised Peoples Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. DA Davidson cut their price objective on Peoples Bancorp from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Peoples Bancorp in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Peoples Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $42.00.
Get Our Latest Report on PEBO
Institutional Investors Weigh In On Peoples Bancorp
Several large investors have recently made changes to their positions in PEBO. BlackRock Inc. acquired a new stake in shares of Peoples Bancorp during the second quarter worth $128,113,000. Dimensional Fund Advisors LP lifted its position in Peoples Bancorp by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,270,134 shares of the bank's stock valued at $74,619,000 after acquiring an additional 21,273 shares in the last quarter. Peoples Bank OH lifted its position in Peoples Bancorp by 1.6% in the 1st quarter. Peoples Bank OH now owns 443,618 shares of the bank's stock valued at $14,582,000 after acquiring an additional 7,043 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Peoples Bancorp in the 2nd quarter worth $10,181,000. Finally, Segall Bryant & Hamill LLC boosted its stake in 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 purchasing an additional 57,650 shares during the period. Institutional investors own 60.68% of the company's stock.
Peoples Bancorp Company Profile
(
Get Free Report)
Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and public-sector customers.
Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated operations.
Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.
Further Reading
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