Key Points
- EVP Michael Kirkham sold 632 shares at an average price of $38.27, for about $24,187. He retained 15,687 shares after the transaction, a 3.87% reduction in his holdings.
- Peoples Bancorp reported quarterly EPS of $1.04, beating the $0.93 analyst consensus; revenue of $124.52 million also exceeded expectations.
- The company declared a quarterly dividend of $0.42 per share, equivalent to a 4.4% annualized yield. Analysts’ consensus rating was “Moderate Buy,” with a $42 average price target.
Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) EVP Michael Kirkham sold 632 shares of the business's stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $38.27, for a total transaction of $24,186.64. Following the transaction, the executive vice president owned 15,687 shares of the company's stock, valued at $600,341.49. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Peoples Bancorp Price Performance
Shares of Peoples Bancorp stock traded up $0.19 during trading on Friday, hitting $38.46. The stock had a trading volume of 256,257 shares, compared to its average volume of 419,858. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 11.35 and a beta of 0.63. Peoples Bancorp Inc. has a 12 month low of $28.23 and a 12 month high of $42.29. The business's 50-day moving average is $38.25 and its 200 day moving average is $36.41. 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 issued its quarterly earnings data on Tuesday, October 20th. The bank reported $1.04 earnings per share (EPS) 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 the consensus estimate of $123.40 million. Peoples Bancorp had a return on equity of 11.08% and a net margin of 19.76%. As a group, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.74 earnings per share for the current year.
Peoples Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, November 2nd. Peoples Bancorp's payout ratio is presently 49.56%.
Institutional Investors Weigh In On Peoples Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of PEBO. BlackRock Inc. bought a new position in shares of Peoples Bancorp during the second quarter valued at $128,113,000. Bank of New York Mellon Corp bought a new position in Peoples Bancorp during the second quarter valued at approximately $10,181,000. Empowered Funds LLC purchased a new position in shares of Peoples Bancorp in the 2nd quarter worth $6,622,000. Bank of America Corp DE bought a new stake in shares of Peoples Bancorp during the 2nd quarter valued at about $6,477,000. Finally, Ategra Capital Management LLC purchased a new stake in Peoples Bancorp during the second quarter valued at approximately $3,430,000. Hedge funds and other institutional investors own 60.68% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. DA Davidson cut their price objective on Peoples Bancorp from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, October 1st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Peoples Bancorp in a research note on Monday, October 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Piper Sandler increased their price objective on Peoples Bancorp from $46.00 to $48.00 and gave the company an "overweight" rating in a research report on Thursday, October 22nd. Finally, Zacks Research upgraded Peoples Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Peoples Bancorp has an average rating of "Moderate Buy" and a consensus price target of $42.00.
View Our Latest Research Report on Peoples Bancorp
Peoples Bancorp Company Profile
(
Get Free Report)
Peoples Bancorp Inc. is a financial holding company headquartered in Marietta, Ohio. Its principal subsidiary, Peoples Bank, provides commercial and consumer banking services to individuals, businesses and local organizations. The company offers deposit accounts, loans, payment services and other banking products, along with services such as wealth management, insurance and equipment financing. Its branches and service areas extend across Ohio, West Virginia, Kentucky and Virginia. Peoples traces its history to 1902, when it was established in Marietta.
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