Peoples Bancorp Inc. (NASDAQ:PEBO) Director Susan D. Rector Acquires 2,100 Shares

Peoples Bancorp Inc. (NASDAQ:PEBO – Get Rating) Director Susan D. Rector acquired 2,100 shares of the stock in a transaction on Friday, March 10th. The shares were acquired at an average price of $28.53 per share, for a total transaction of $59,913.00. Following the acquisition, the director now owns 21,101 shares of the company’s stock, valued at approximately $602,011.53. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $26.80 on Tuesday. Peoples Bancorp Inc. has a 1 year low of $25.63 and a 1 year high of $33.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $763.00 million, a price-to-earnings ratio of 7.47 and a beta of 0.81. The company has a fifty day moving average price of $29.59 and a 200-day moving average price of $29.53.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 21st. Investors of record on Monday, February 6th were given a dividend of $0.38 per share. The ex-dividend date was Friday, February 3rd. This represents a $1.52 annualized dividend and a yield of 5.67%. Peoples Bancorp’s payout ratio is currently 42.34%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, January 6th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.60.

Hedge Funds Weigh In On Peoples Bancorp

Several institutional investors have recently added to or reduced their stakes in PEBO. Polaris Capital Management LLC grew its position in Peoples Bancorp by 4,829.6% during the second quarter. Polaris Capital Management LLC now owns 492,964 shares of the bank’s stock valued at $41,759,000 after buying an additional 482,964 shares during the period. Dimensional Fund Advisors LP grew its position in Peoples Bancorp by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,288,855 shares of the bank’s stock valued at $64,660,000 after buying an additional 96,174 shares during the period. American Century Companies Inc. grew its position in Peoples Bancorp by 105.9% during the fourth quarter. American Century Companies Inc. now owns 167,542 shares of the bank’s stock valued at $4,733,000 after buying an additional 86,181 shares during the period. BlackRock Inc. grew its position in Peoples Bancorp by 4.1% during the third quarter. BlackRock Inc. now owns 2,061,563 shares of the bank’s stock valued at $59,640,000 after buying an additional 81,594 shares during the period. Finally, EJF Capital LLC grew its position in Peoples Bancorp by 42.9% during the first quarter. EJF Capital LLC now owns 221,254 shares of the bank’s stock valued at $6,927,000 after buying an additional 66,418 shares during the period. Institutional investors own 49.73% of the company’s stock.

About Peoples Bancorp

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Peoples Bancorp, Inc operates as a financial holding company, which engages in banking, investment, insurance, and trust solutions. It offers various demand deposit accounts, savings accounts, money market accounts and certificates of deposit, commercial, consumer, real estate mortgage loans and lines of credit, debit and automated teller machine cards, credit cards for individuals and businesses, merchant credit card transaction processing services, corporate and personal trust services, safe deposit rental facilities, money orders and cashier’s checks, life, health, property and casualty insurance products, brokerage services, and custom-tailored fiduciary, employee benefit plans and asset management & administration services.