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

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report)'s stock price crossed 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 trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PEBO. Wall Street Zen raised shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. DA Davidson dropped their price objective on shares of Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Stephens decreased their target price on shares of Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Peoples Bancorp presently has an average rating of "Hold" and an average price target of $36.00.

Peoples Bancorp Stock Down 0.2%

The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.11 and a beta of 0.65. The business's 50-day moving average is $30.05 and its 200-day moving average is $30.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results 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). The business had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.76 million. Peoples Bancorp had a net margin of 18.10% and a return on equity of 10.36%. During the same quarter in the prior year, the firm earned $0.85 earnings per share. As a group, equities analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 5th were given a $0.41 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.15%. This is an increase from Peoples Bancorp's previous quarterly dividend of $0.40. Peoples Bancorp's dividend payout ratio is 52.06%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PEBO. Parallel Advisors LLC raised its position in shares of Peoples Bancorp by 132.3% in the second quarter. Parallel Advisors LLC now owns 864 shares of the bank's stock worth $26,000 after acquiring an additional 492 shares during the period. US Bancorp DE raised its position in shares of Peoples Bancorp by 172.8% in the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after acquiring an additional 693 shares during the period. Sterling Capital Management LLC raised its position in shares of Peoples Bancorp by 815.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock worth $35,000 after acquiring an additional 987 shares during the period. Strs Ohio acquired a new position in shares of Peoples Bancorp in the first quarter worth about $62,000. Finally, GAMMA Investing LLC raised its position in shares of Peoples Bancorp by 1,426.3% during the 1st quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock worth $77,000 after purchasing an additional 2,439 shares during the last quarter. Institutional investors and hedge funds own 60.68% of the company's stock.

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.

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