Peoples Bancorp Inc. (NASDAQ:PEBO) CEO Purchases $12,012.00 in Stock

Key Points

• Tyler J. Wilcox, CEO of Peoples Bancorp Inc., purchased 400 shares at an average price of $30.03, increasing his total holdings to 48,763 shares worth approximately $1.46 million.
• The company reported $0.60 earnings per share for the last quarter, missing the consensus estimate of $0.78, while also achieving a revenue of $115.02 million.
• Peoples Bancorp declared a quarterly dividend of $0.41, set to be paid on August 18th, representing an annualized yield of 5.58%.
• Research analysts have a consensus rating of "Hold" for Peoples Bancorp, with a target price of $35.25, reflecting recent adjustments in price objectives by various firms.

Peoples Bancorp Inc. (NASDAQ:PEBO - Get Free Report) CEO Tyler J. Wilcox acquired 400 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was bought at an average price of $30.03 per share, for a total transaction of $12,012.00. Following the acquisition, the chief executive officer owned 48,763 shares of the company's stock, valued at approximately $1,464,352.89. This trade represents a 0.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peoples Bancorp Trading Down 1.5%

Shares of NASDAQ PEBO traded down $0.44 during trading hours on Tuesday, hitting $29.34. The company's stock had a trading volume of 207,842 shares, compared to its average volume of 154,384. The business has a 50-day simple moving average of $30.26 and a 200-day simple moving average of $30.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 10.05 and a beta of 0.65. Peoples Bancorp Inc. has a 12 month low of $26.21 and a 12 month high of $37.07.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $115.02 million for the quarter, compared to the consensus estimate of $113.20 million. Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.52%. On average, analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 4th will be given a dividend of $0.41 per share. The ex-dividend date is Monday, August 4th. This represents a $1.64 annualized dividend and a yield of 5.59%. Peoples Bancorp's payout ratio is 56.16%.

Institutional Trading of Peoples Bancorp

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in Peoples Bancorp by 132.3% during the 2nd quarter. Parallel Advisors LLC now owns 864 shares of the bank's stock valued at $26,000 after acquiring an additional 492 shares in the last quarter. Sterling Capital Management LLC boosted its position in Peoples Bancorp by 815.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,108 shares of the bank's stock valued at $35,000 after acquiring an additional 987 shares in the last quarter. Strs Ohio bought a new stake in shares of Peoples Bancorp in the 1st quarter worth approximately $62,000. GAMMA Investing LLC boosted its position in shares of Peoples Bancorp by 1,426.3% in 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 in the last quarter. Finally, CWM LLC boosted its position in shares of Peoples Bancorp by 86.7% in the 1st quarter. CWM LLC now owns 4,976 shares of the bank's stock worth $148,000 after purchasing an additional 2,311 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on PEBO shares. DA Davidson cut their target price on Peoples Bancorp from $39.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Stephens cut their target price on Peoples Bancorp from $37.50 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen raised Peoples Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Finally, Keefe, Bruyette & Woods raised their target price on Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $35.25.

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.