Peoples Bancorp (NASDAQ:PEBO) Director Sells $30,830.00 in Stock

Key Points

• Peoples Bancorp Director Carol Schneeberger sold 1,000 shares at an average price of $30.83, totaling $30,830.00, reducing her ownership by 3.95%.
• Despite a revenue of $115.02 million for the last quarter, the company reported an EPS of $0.60, missing estimates by $0.18.
• Peoples Bancorp recently announced a quarterly dividend of $0.41, yielding 5.3% annually, with a payout ratio of 56.16%.

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) Director Carol A. Schneeberger sold 1,000 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.83, for a total value of $30,830.00. Following the sale, the director directly owned 24,330 shares of the company's stock, valued at approximately $750,093.90. This represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Peoples Bancorp Price Performance

Shares of PEBO traded down $0.31 during trading hours on Friday, hitting $30.32. 80,733 shares of the company were exchanged, compared to its average volume of 125,866. The company has a market capitalization of $1.08 billion, a PE ratio of 10.38 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a fifty day simple moving average of $30.24 and a 200-day simple moving average of $29.77. Peoples Bancorp Inc. has a one year low of $26.21 and a one year high of $37.07.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.18). The business had revenue of $115.02 million during the quarter, compared to analyst estimates of $113.20 million. Peoples Bancorp had a return on equity of 9.46% and a net margin of 16.88%. As a group, sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, August 4th. Peoples Bancorp's dividend payout ratio (DPR) is 56.16%.

Analysts Set New Price Targets

Several analysts have recently commented on PEBO shares. Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday. Keefe, Bruyette & Woods increased their price objective on 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 two have assigned a Hold rating to the company. According to MarketBeat, Peoples Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $35.25.

Hedge Funds Weigh In On Peoples Bancorp

Institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG increased its stake in shares of Peoples Bancorp by 55.0% in the fourth quarter. Deutsche Bank AG now owns 29,279 shares of the bank's stock worth $928,000 after purchasing an additional 10,394 shares during the period. Hsbc Holdings PLC bought a new position in shares of Peoples Bancorp in the first quarter worth about $299,000. New York State Common Retirement Fund increased its stake in shares of Peoples Bancorp by 55.3% in the first quarter. New York State Common Retirement Fund now owns 18,815 shares of the bank's stock worth $558,000 after purchasing an additional 6,700 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Peoples Bancorp in the first quarter worth about $289,000. Finally, Principal Financial Group Inc. increased its stake in shares of Peoples Bancorp by 3.8% in the first quarter. Principal Financial Group Inc. now owns 19,137 shares of the bank's stock worth $568,000 after purchasing an additional 707 shares during the period. 60.68% of the stock is currently owned by institutional investors.

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.