Insider Selling: Peoples Bancorp Inc. (PEBO) Director Sells 10,011 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director George W. Broughton sold 10,011 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $32.40, for a total value of $324,356.40. Following the transaction, the director now owns 145,336 shares of the company’s stock, valued at approximately $4,708,886.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:PEBO opened at $31.77 on Friday. The company has a market capitalization of $656.99 million, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.77. Peoples Bancorp Inc. has a 52 week low of $28.35 and a 52 week high of $39.58. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.20.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Peoples Bancorp had a net margin of 22.59% and a return on equity of 10.42%. The company had revenue of $49.34 million during the quarter, compared to the consensus estimate of $49.09 million. On average, sell-side analysts predict that Peoples Bancorp Inc. will post 2.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Friday, May 3rd. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.30. Peoples Bancorp’s dividend payout ratio is 51.52%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PEBO. Wells Fargo & Company MN increased its position in Peoples Bancorp by 65.3% during the third quarter. Wells Fargo & Company MN now owns 77,270 shares of the bank’s stock worth $2,707,000 after purchasing an additional 30,523 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Peoples Bancorp by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 120,534 shares of the bank’s stock valued at $4,223,000 after purchasing an additional 2,058 shares during the last quarter. FMR LLC boosted its stake in Peoples Bancorp by 3.3% during the 3rd quarter. FMR LLC now owns 64,922 shares of the bank’s stock valued at $2,274,000 after purchasing an additional 2,056 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in Peoples Bancorp by 49.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 12,638 shares of the bank’s stock valued at $443,000 after purchasing an additional 4,195 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Peoples Bancorp by 5.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 61,685 shares of the bank’s stock valued at $2,161,000 after purchasing an additional 3,348 shares during the last quarter. Hedge funds and other institutional investors own 56.60% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub raised shares of Peoples Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.50.

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About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

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