David F. Dierker Sells 420 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO) Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) Director David F. Dierker sold 420 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $31.11, for a total value of $13,066.20. Following the sale, the director now directly owns 9,714 shares of the company’s stock, valued at $302,202.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Peoples Bancorp Stock Performance

Shares of NASDAQ PEBO traded down $1.05 during mid-day trading on Friday, hitting $30.19. The company had a trading volume of 50,951 shares, compared to its average volume of 124,208. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a 1 year low of $25.58 and a 1 year high of $34.85. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.15 and a beta of 0.75. The stock’s 50-day moving average price is $30.61 and its 200-day moving average price is $30.12.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. The firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $112.30 million. During the same period in the prior year, the business posted $1.06 earnings per share. On average, sell-side analysts forecast that Peoples Bancorp Inc. will post 3.29 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.30%. The ex-dividend date is Monday, November 4th. Peoples Bancorp’s payout ratio is 47.90%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp has an average rating of “Hold” and a consensus target price of $33.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Peoples Bancorp in the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in Peoples Bancorp in the second quarter valued at approximately $46,000. CWM LLC raised its stake in Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares in the last quarter. Quest Partners LLC lifted its position in Peoples Bancorp by 20,273.3% during the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Peoples Bancorp in the 3rd quarter worth $123,000. Institutional investors own 60.68% of the company’s stock.

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.