Peoples Bancorp (NASDAQ:PEBO) Stock Passes Above Two Hundred Day Moving Average Following Insider Selling

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday after an insider bought additional shares in the company. The stock has a 200-day moving average of $30.43 and traded as high as $32.14. Peoples Bancorp shares last traded at $31.85, with a volume of 166,055 shares.

Wall Street Analyst Weigh In

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

Peoples Bancorp Stock Performance

The business has a 50 day simple moving average of $30.14 and a 200 day simple moving average of $30.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $1.12 billion, a PE ratio of 9.97 and a beta of 0.65.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.69 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 business had revenue of $113.00 million during the quarter, compared to analysts' expectations of $112.76 million. During the same quarter last year, the business posted $0.85 earnings per share. Equities research analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were issued a $0.41 dividend. The ex-dividend date was Monday, May 5th. This is a positive change from Peoples Bancorp's previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.22%. Peoples Bancorp's dividend payout ratio is currently 52.06%.

Institutional Inflows and Outflows

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

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.