Carol Schneeberger Sells 1,895 Shares of Peoples Bancorp (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol Schneeberger sold 1,895 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $31.37, for a total transaction of $59,446.15. Following the transaction, the director owned 19,309 shares in the company, valued at approximately $605,723.33. This trade represents a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Peoples Bancorp Stock Down 0.8%

NASDAQ:PEBO traded down $0.26 on Friday, hitting $31.59. The stock had a trading volume of 60,666 shares, compared to its average volume of 282,699. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $34.33. The firm’s fifty day simple moving average is $32.31 and its two-hundred day simple moving average is $30.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.13 billion, a P/E ratio of 10.56 and a beta of 0.68.

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

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.64 annualized dividend and a dividend yield of 5.2%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 54.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Creative Planning grew its position in shares of Peoples Bancorp by 35.5% in the second quarter. Creative Planning now owns 44,061 shares of the bank’s stock valued at $1,346,000 after purchasing an additional 11,533 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Peoples Bancorp by 32.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 216,843 shares of the bank’s stock worth $6,503,000 after purchasing an additional 52,608 shares in the last quarter. American Century Companies Inc. boosted its stake in Peoples Bancorp by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 990,923 shares of the bank’s stock worth $29,718,000 after purchasing an additional 75,231 shares during the period. Bank of New York Mellon Corp grew its holdings in Peoples Bancorp by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 260,719 shares of the bank’s stock valued at $7,962,000 after buying an additional 6,654 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Peoples Bancorp by 2.6% during the second quarter. LSV Asset Management now owns 151,916 shares of the bank’s stock valued at $4,640,000 after buying an additional 3,830 shares during the period. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PEBO shares. Weiss Ratings raised shares of Peoples Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 27th. DA Davidson set a $35.00 price objective on Peoples Bancorp in a 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’s stock. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $33.63.

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.