Peoples Bancorp (NASDAQ:PEBO) EVP Hugh Donlon Sells 500 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Hugh Donlon sold 500 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $39.87, for a total value of $19,935.00. Following the completion of the sale, the executive vice president owned 23,365 shares in the company, valued at $931,562.55. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $42.23 on Wednesday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.76 and a beta of 0.62. Peoples Bancorp Inc. has a 1-year low of $27.49 and a 1-year high of $42.29. The firm’s 50-day moving average price is $37.20 and its two-hundred day moving average price is $34.43. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.15.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.79% and a net margin of 19.17%.The firm had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $120.05 million. On average, equities analysts predict that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is 50.76%.

Institutional Investors Weigh In On Peoples Bancorp

Large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new position in shares of Peoples Bancorp in the third quarter worth $30,000. Quarry LP bought a new stake in Peoples Bancorp during the 3rd quarter worth $35,000. Strs Ohio acquired a new position in shares of Peoples Bancorp in the first quarter valued at approximately $62,000. Nisa Investment Advisors LLC lifted its holdings in shares of Peoples Bancorp by 19.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,688 shares of the bank’s stock worth $81,000 after purchasing an additional 445 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Peoples Bancorp by 654.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock valued at $93,000 after buying an additional 2,689 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analyst Ratings Changes

PEBO has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. DA Davidson increased their target price on Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their target price on shares of Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Piper Sandler set a $46.00 price objective on Peoples Bancorp in a research note on Wednesday, July 22nd. Finally, Hovde Group lifted their price target on Peoples Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.00.

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.