Peoples Bancorp (NASDAQ:PEBO) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Peoples Bancorp Inc. (NASDAQ:PEBO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $30.83 and traded as high as $32.47. Peoples Bancorp shares last traded at $32.12, with a volume of 190,155 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PEBO. Weiss Ratings upgraded shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 27th. DA Davidson set a $35.00 price target on Peoples Bancorp in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.63.

Peoples Bancorp Stock Performance

The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.72 and a beta of 0.68. The stock’s 50-day simple moving average is $32.51 and its 200 day simple moving average is $30.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last posted its earnings results on Tuesday, January 20th. The bank reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. Peoples Bancorp had a net margin of 17.27% and a return on equity of 9.51%. The company had revenue of $119.57 million during the quarter, compared to analysts’ expectations of $117.97 million. Research analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, February 2nd. Peoples Bancorp’s payout ratio is currently 54.85%.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, EVP Michael Ryan Kirkham sold 986 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $32.47, for a total value of $32,015.42. Following the transaction, the executive vice president directly owned 16,289 shares of the company’s stock, valued at $528,903.83. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carol A. Schneeberger sold 1,895 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $31.37, for a total value of $59,446.15. Following the transaction, the director owned 19,309 shares in the company, valued at $605,723.33. The trade was a 8.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,881 shares of company stock worth $187,392 in the last ninety days. 3.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Peoples Bancorp

A number of hedge funds have recently bought and sold shares of PEBO. Hsbc Holdings PLC boosted its holdings in Peoples Bancorp by 135.6% in the 4th quarter. Hsbc Holdings PLC now owns 35,052 shares of the bank’s stock valued at $1,049,000 after purchasing an additional 20,176 shares during the period. Invesco Ltd. increased its holdings in shares of Peoples Bancorp by 248.8% during the fourth quarter. Invesco Ltd. now owns 211,869 shares of the bank’s stock worth $6,362,000 after purchasing an additional 151,125 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Peoples Bancorp by 35.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,695 shares of the bank’s stock worth $291,000 after purchasing an additional 2,559 shares during the period. Empowered Funds LLC raised its position in shares of Peoples Bancorp by 6.8% in the fourth quarter. Empowered Funds LLC now owns 152,746 shares of the bank’s stock valued at $4,587,000 after buying an additional 9,759 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in shares of Peoples Bancorp by 40.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 116,805 shares of the bank’s stock valued at $3,508,000 after buying an additional 33,526 shares during the period. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Company Profile

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.