Peoples Bancorp (NASDAQ:PEBO) Director Carol Schneeberger Sells 1,000 Shares

Key Points

• Director Carol Schneeberger sold 1,000 shares of Peoples Bancorp at an average price of $30.22, resulting in a 4.04% decrease in her holdings.
• Peoples Bancorp reported a $0.60 earnings per share for the last quarter, missing the consensus estimate of $0.78, while also declaring a quarterly dividend of $0.41 per share.
• Equities analysts currently give the stock a rating of "Hold" with an average target price of $35.25, although the stock has faced mixed ratings from various firms recently.

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $30.22, for a total value of $30,220.00. Following the transaction, the director owned 23,767 shares of the company's stock, valued at $718,238.74. This trade represents a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp Trading Down 0.2%

Shares of NASDAQ:PEBO traded down $0.05 during trading hours on Wednesday, hitting $30.01. 75,296 shares of the company's stock traded hands, compared to its average volume of 151,886. Peoples Bancorp Inc. has a 1 year low of $26.21 and a 1 year high of $37.07. The business has a fifty day moving average price of $29.98 and a 200-day moving average price of $29.76. The firm has a market capitalization of $1.07 billion, a P/E ratio of 10.28 and a beta of 0.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.18). Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. The company had revenue of $115.02 million for the quarter, compared to the consensus estimate of $113.20 million. Equities analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, August 4th. Peoples Bancorp's payout ratio is currently 56.16%.

Institutional Investors Weigh In On Peoples Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in Peoples Bancorp in the first quarter valued at $299,000. New York State Common Retirement Fund grew its position in shares of Peoples Bancorp by 55.3% during the 1st quarter. New York State Common Retirement Fund now owns 18,815 shares of the bank's stock valued at $558,000 after acquiring an additional 6,700 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Peoples Bancorp in the 1st quarter valued at $289,000. Principal Financial Group Inc. grew its stake in Peoples Bancorp by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 19,137 shares of the bank's stock valued at $568,000 after acquiring an additional 707 shares during the period. Finally, American Century Companies Inc. grew its stake in Peoples Bancorp by 12.7% in the 1st quarter. American Century Companies Inc. now owns 854,771 shares of the bank's stock valued at $25,353,000 after acquiring an additional 96,556 shares during the period. 60.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Peoples Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Weiss Ratings reissued a "hold (c+)" rating on shares of Peoples Bancorp in a research note on Wednesday. Zacks Research raised shares of Peoples Bancorp from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Keefe, Bruyette & Woods lifted 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, July 11th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $35.25.

About Peoples Bancorp

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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