Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) Director Sells 1,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $31.76, for a total transaction of $31,760.00. Following the completion of the sale, the director owned 25,330 shares of the company's stock, valued at approximately $804,480.80. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Peoples Bancorp Trading Down 1.4%

Shares of PEBO stock traded down $0.46 during trading hours on Friday, reaching $31.41. The company's stock had a trading volume of 122,549 shares, compared to its average volume of 140,274. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $37.07. The stock has a market capitalization of $1.12 billion, a P/E ratio of 9.97 and a beta of 0.65. The firm's fifty day simple moving average is $30.14 and its 200 day simple moving average is $30.42.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.04). Peoples Bancorp had a net margin of 18.10% and a return on equity of 10.36%. The company had revenue of $113.00 million for the quarter, compared to analysts' expectations of $112.76 million. During the same period in the previous year, the firm posted $0.85 earnings per share. Equities research analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were given a dividend of $0.41 per share. The ex-dividend date was Monday, May 5th. This represents a $1.64 annualized dividend and a dividend yield of 5.22%. This is a boost from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's payout ratio is currently 52.06%.

Analyst Ratings Changes

Several research analysts have recently issued reports on PEBO shares. Wall Street Zen upgraded shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Stephens lowered their price target on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods raised their price target on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a report on Friday. Finally, DA Davidson decreased their price objective on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $35.25.

Hedge Funds Weigh In On Peoples Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Wedge Capital Management L L P NC grew its holdings in shares of Peoples Bancorp by 1.5% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,110 shares of the bank's stock worth $828,000 after acquiring an additional 410 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Peoples Bancorp during the second quarter valued at $271,000. Parallel Advisors LLC boosted its holdings in shares of Peoples Bancorp by 132.3% during the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the bank's stock valued at $26,000 after buying an additional 492 shares in the last quarter. Strs Ohio bought a new stake in shares of Peoples Bancorp during the 1st quarter valued at $62,000. Finally, Jane Street Group LLC grew its position in shares of Peoples Bancorp by 87.2% in the 1st quarter. Jane Street Group LLC now owns 64,668 shares of the bank's stock worth $1,918,000 after buying an additional 30,121 shares during the period. 60.68% of the stock is owned by institutional investors.

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.