Insider Buying: Peoples Bancorp (NASDAQ:PEBO) Director Acquires $16,310.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Dwight Eric Smith bought 500 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were bought at an average cost of $32.62 per share, for a total transaction of $16,310.00. Following the completion of the acquisition, the director directly owned 8,199 shares in the company, valued at approximately $267,451.38. This trade represents a 6.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dwight Eric Smith also recently made the following trade(s):

• On Friday, November 21st, Dwight Eric Smith purchased 200 shares of Peoples Bancorp stock. The stock was bought at an average cost of $28.56 per share, with a total value of $5,712.00.

Peoples Bancorp Trading Down 3.0%

Shares of PEBO traded down $0.99 during mid-day trading on Friday, reaching $31.60. 114,287 shares of the company were exchanged, compared to its average volume of 276,572. The business has a 50 day simple moving average of $30.51 and a two-hundred day simple moving average of $30.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market capitalization of $1.13 billion, a PE ratio of 10.58 and a beta of 0.65. Peoples Bancorp Inc. has a 52 week low of $26.21 and a 52 week high of $33.83.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, January 20th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.88 by $0.05. Peoples Bancorp had a return on equity of 9.61% and a net margin of 17.27%.The business had revenue of $119.57 million for the quarter, compared to analysts’ expectations of $117.97 million. On average, analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.64 annualized dividend and a dividend yield of 5.2%. Peoples Bancorp’s dividend payout ratio is 54.85%.

Wall Street Analyst Weigh In

A number of analysts have commented on PEBO shares. Wall Street Zen raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings downgraded shares of Peoples Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Piper Sandler cut their price target on shares of Peoples Bancorp from $36.00 to $33.50 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Finally, DA Davidson set a $35.00 price objective on shares of Peoples Bancorp in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.63.

Institutional Investors Weigh In On Peoples Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in Peoples Bancorp by 35.5% during the 2nd quarter. Creative Planning now owns 44,061 shares of the bank’s stock worth $1,346,000 after purchasing an additional 11,533 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Peoples Bancorp during the second quarter valued at about $271,000. CSM Advisors LLC purchased a new stake in shares of Peoples Bancorp in the second quarter worth about $4,887,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Peoples Bancorp by 3.9% in the second quarter. Wealthcare Advisory Partners LLC now owns 11,034 shares of the bank’s stock worth $337,000 after buying an additional 418 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Peoples Bancorp by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 260,719 shares of the bank’s stock valued at $7,962,000 after acquiring an additional 6,654 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

About Peoples Bancorp

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.