Insider Selling: Peoples Bancorp Inc. (NASDAQ:PEBO) CEO Sells 5,000 Shares of Stock

Peoples Bancorp Inc. (NASDAQ:PEBO) CEO Charles W. Sulerzyski sold 5,000 shares of Peoples Bancorp stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.90, for a total value of $164,500.00. Following the completion of the transaction, the chief executive officer now owns 58,524 shares of the company’s stock, valued at approximately $1,925,439.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of PEBO stock traded down $0.22 on Wednesday, reaching $32.79. 245 shares of the company’s stock were exchanged, compared to its average volume of 42,151. Peoples Bancorp Inc. has a 52 week low of $28.35 and a 52 week high of $35.01. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $683.06 million, a PE ratio of 12.42 and a beta of 0.74. The company’s fifty day simple moving average is $32.05 and its 200 day simple moving average is $31.89.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.72 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.72. Peoples Bancorp had a return on equity of 10.62% and a net margin of 22.95%. The firm had revenue of $52.15 million during the quarter, compared to analyst estimates of $51.98 million. As a group, sell-side analysts predict that Peoples Bancorp Inc. will post 2.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, November 1st. Peoples Bancorp’s dividend payout ratio is currently 51.52%.

A number of equities analysts have recently commented on PEBO shares. BidaskClub upgraded Peoples Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd. Zacks Investment Research raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, ValuEngine raised Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

Several hedge funds have recently modified their holdings of PEBO. WINTON GROUP Ltd lifted its stake in shares of Peoples Bancorp by 70.0% during the 2nd quarter. WINTON GROUP Ltd now owns 11,637 shares of the bank’s stock worth $375,000 after acquiring an additional 4,793 shares during the last quarter. Uncommon Cents Investing LLC raised its position in Peoples Bancorp by 7.9% during the 2nd quarter. Uncommon Cents Investing LLC now owns 37,525 shares of the bank’s stock valued at $1,211,000 after purchasing an additional 2,750 shares in the last quarter. Eidelman Virant Capital bought a new stake in Peoples Bancorp during the 2nd quarter valued at $282,000. First Trust Advisors LP raised its position in Peoples Bancorp by 54.4% during the 2nd quarter. First Trust Advisors LP now owns 25,909 shares of the bank’s stock valued at $836,000 after purchasing an additional 9,126 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Peoples Bancorp during the 2nd quarter valued at $665,000. 58.50% of the stock is owned by hedge funds and other institutional investors.

About Peoples Bancorp

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial real estate construction loans, other commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity lines of credit, and indirect and other consumer loans.

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Insider Buying and Selling by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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