Matthew Edgell Sells 3,000 Shares of Peoples Bancorp (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $41.27, for a total value of $123,810.00. Following the completion of the sale, the insider directly owned 20,183 shares in the company, valued at $832,952.41. This represents a 12.94% 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 Stock Down 0.6%

PEBO stock opened at $40.93 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $1.47 billion, a P/E ratio of 12.37 and a beta of 0.61. The business has a 50-day moving average of $38.30 and a 200-day moving average of $35.00. Peoples Bancorp Inc. has a fifty-two week low of $27.49 and a fifty-two week high of $42.29.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.The business had revenue of $121.95 million during the quarter, compared to the consensus estimate of $120.05 million. On average, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.56 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 50.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PEBO. BlackRock Inc. acquired a new position in shares of Peoples Bancorp during the 2nd quarter worth approximately $13,424,000. Deutsche Bank AG acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at approximately $190,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at approximately $33,000. AMG National Trust Bank acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at approximately $1,433,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Peoples Bancorp in the second quarter valued at $457,000. 60.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.