Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Sells $20,636.00 in Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) EVP Michael Ryan Kirkham sold 700 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $29.48, for a total transaction of $20,636.00. Following the completion of the sale, the executive vice president now directly owns 10,710 shares in the company, valued at approximately $315,730.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Peoples Bancorp Stock Performance

Shares of NASDAQ:PEBO opened at $29.98 on Friday. The firm’s 50 day simple moving average is $28.42 and its 200-day simple moving average is $29.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp Inc. has a one year low of $23.05 and a one year high of $34.85. The firm has a market cap of $1.06 billion, a PE ratio of 8.98 and a beta of 0.76.

Peoples Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.40 per share. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend is Friday, May 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 46.71%.

Institutional Investors Weigh In On Peoples Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Peoples Bancorp by 3.7% during the fourth quarter. Arizona State Retirement System now owns 9,393 shares of the bank’s stock valued at $317,000 after buying an additional 333 shares during the period. Shoker Investment Counsel Inc. increased its position in Peoples Bancorp by 1.2% during the 1st quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank’s stock valued at $874,000 after purchasing an additional 363 shares during the period. Federated Hermes Inc. increased its position in Peoples Bancorp by 1.6% during the 3rd quarter. Federated Hermes Inc. now owns 24,023 shares of the bank’s stock valued at $610,000 after purchasing an additional 382 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Peoples Bancorp by 3.7% in the 4th quarter. D.A. Davidson & CO. now owns 11,988 shares of the bank’s stock valued at $405,000 after purchasing an additional 433 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Peoples Bancorp by 5.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,998 shares of the bank’s stock worth $305,000 after purchasing an additional 590 shares during the period. 60.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

PEBO has been the topic of several analyst reports. Piper Sandler assumed coverage on shares of Peoples Bancorp in a report on Friday, February 23rd. They set an “overweight” rating and a $34.00 price target on the stock. StockNews.com upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $33.00 price target (down from $36.00) on shares of Peoples Bancorp in a research note on Wednesday, April 24th. Stephens reaffirmed an “equal weight” rating and issued a $34.00 price objective on shares of Peoples Bancorp in a research report on Wednesday, April 24th. Finally, Hovde Group began coverage on Peoples Bancorp in a research note on Monday, April 1st. They issued a “market perform” rating and a $31.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.40.

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.