Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Dwight Eric Smith purchased 500 shares of the stock in a transaction on Wednesday, May 8th. The stock was bought at an average cost of $30.00 per share, for a total transaction of $15,000.00. Following the completion of the acquisition, the director now owns 4,306 shares in the company, valued at $129,180. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Dwight Eric Smith also recently made the following trade(s):
- On Tuesday, February 13th, Dwight Eric Smith purchased 500 shares of Peoples Bancorp stock. The stock was purchased at an average price of $28.15 per share, with a total value of $14,075.00.
Peoples Bancorp Price Performance
Shares of NASDAQ PEBO traded up $0.31 during trading hours on Thursday, hitting $30.52. 104,721 shares of the stock were exchanged, compared to its average volume of 125,417. Peoples Bancorp Inc. has a 1-year low of $23.05 and a 1-year high of $34.85. The company has a market cap of $1.08 billion, a PE ratio of 9.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The company's fifty day simple moving average is $28.59 and its two-hundred day simple moving average is $29.60.
Peoples Bancorp Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 6th will be paid a $0.40 dividend. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.60 annualized dividend and a dividend yield of 5.24%. Peoples Bancorp's dividend payout ratio (DPR) is presently 47.90%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on PEBO shares. Piper Sandler initiated coverage on Peoples Bancorp in a report on Friday, February 23rd. They set an "overweight" rating and a $34.00 target price for the company. StockNews.com raised shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, April 27th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $33.00 target price (down from $36.00) on shares of Peoples Bancorp in a report on Wednesday, April 24th. Stephens reiterated an "equal weight" rating and issued a $34.00 price target on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Finally, Hovde Group started coverage on Peoples Bancorp in a research note on Monday, April 1st. They set a "market perform" rating and a $31.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.40.
Read Our Latest Analysis on PEBO
Hedge Funds Weigh In On Peoples Bancorp
Institutional investors have recently modified their holdings of the business. AJOVista LLC acquired a new stake in Peoples Bancorp in the fourth quarter valued at approximately $36,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Peoples Bancorp by 46.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank's stock valued at $53,000 after acquiring an additional 663 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Peoples Bancorp during the 1st quarter worth $118,000. Bfsg LLC acquired a new position in Peoples Bancorp in the 4th quarter worth about $174,000. Finally, EMC Capital Management increased its holdings in Peoples Bancorp by 214.9% in the 3rd quarter. EMC Capital Management now owns 7,292 shares of the bank's stock worth $185,000 after purchasing an additional 4,976 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company's stock.
Peoples Bancorp Company Profile
(
Get Free Report)
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.
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