Peoples Bancorp Inc. (NASDAQ:PEBO) Insider Matthew Edgell Sells 3,000 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO) insider Matthew Edgell sold 3,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $34.36, for a total transaction of $103,080.00. Following the completion of the sale, the insider now directly owns 16,092 shares in the company, valued at approximately $552,921.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp Trading Up 1.2 %

Shares of PEBO stock opened at $34.55 on Monday. The stock has a 50-day simple moving average of $30.81 and a 200 day simple moving average of $30.44. The stock has a market capitalization of $1.23 billion, a P/E ratio of 9.84 and a beta of 0.74. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $35.66. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The company had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. During the same quarter last year, the firm posted $1.06 EPS. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.63%. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Analyst Ratings Changes

Separately, Piper Sandler decreased their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Shoker Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 1.2% in the second quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock valued at $924,000 after buying an additional 356 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Peoples Bancorp by 3.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock valued at $362,000 after buying an additional 381 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Peoples Bancorp in the second quarter valued at $27,000. Wedge Capital Management L L P NC increased its holdings in shares of Peoples Bancorp by 4.1% in the second quarter. Wedge Capital Management L L P NC now owns 24,567 shares of the bank’s stock valued at $737,000 after buying an additional 960 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Peoples Bancorp by 3.1% in the second quarter. Victory Capital Management Inc. now owns 35,050 shares of the bank’s stock valued at $1,052,000 after buying an additional 1,050 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.