Carol A. Schneeberger Sells 1,000 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $34.13, for a total value of $34,130.00. Following the completion of the transaction, the director now owns 29,322 shares in the company, valued at approximately $1,000,759.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Peoples Bancorp Stock Performance

Peoples Bancorp stock opened at $34.55 on Friday. The stock’s 50 day simple moving average is $30.81 and its two-hundred day simple moving average is $30.44. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 9.84 and a beta of 0.74. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $35.66.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The business had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. During the same period in the previous year, the firm posted $1.06 EPS. As a group, analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be paid a $0.40 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.63%. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Analyst Ratings Changes

Separately, Piper Sandler decreased their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of “Hold” and an average price target of $33.50.

Institutional Trading of Peoples Bancorp

Large investors have recently modified their holdings of the company. Boston Partners purchased a new position in shares of Peoples Bancorp in the first quarter valued at about $710,000. Vanguard Group Inc. lifted its holdings in shares of Peoples Bancorp by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock valued at $56,388,000 after purchasing an additional 18,272 shares during the last quarter. EMC Capital Management lifted its holdings in shares of Peoples Bancorp by 787.3% during the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 51,006 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Peoples Bancorp in the 2nd quarter valued at $981,000. Finally, AQR Capital Management LLC increased its position in shares of Peoples Bancorp by 158.5% in the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after acquiring an additional 35,333 shares during the period. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Company Profile

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