Intel stock spikes after report of possible US government stake
Carol A. Schneeberger, a director at Peoples Bancorp Inc . (NASDAQ:PEBO), recently sold 1,000 shares of the company's common stock. The regional bank, currently valued at $1.09 billion, trades at a P/E ratio of 8.82 and offers a notable 5.09% dividend yield, having maintained dividend payments for 51 consecutive years. The transaction, executed on January 8, 2025, was conducted at an average price of $31.0181 per share, amounting to a total value of $31,018. Following this sale, Schneeberger retains ownership of 27,686 shares in the company. With analyst price targets ranging from $33 to $42, and an overall "GOOD" Financial Health Score according to InvestingPro, the transaction was carried out under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks. For comprehensive insider trading analysis and more exclusive insights, access the detailed Pro Research Report available on InvestingPro.
In other recent news, Peoples Bancorp has reported its operational results for Q3 2024, showing a successful quarter. The company's earnings and revenue have seen a significant increase. The diluted EPS rose to $0.89 from $0.82 in the previous quarter, while net interest income and fee-based income grew by 3% and 5%, respectively. Concurrently, non-interest expenses decreased by 4%, leading to an improved efficiency ratio of 55.1%.
Peoples Bancorp also reported a growth in total deposits by $185 million, with a significant client deposit increase surpassing $100 million. However, classified loans increased due to two downgrades totaling nearly $10 million. Looking ahead, Peoples Bancorp anticipates continued loan growth and a healthy commercial loan pipeline for Q4. They also expect positive operating leverage and stabilization of net interest margins for 2025. These recent developments provide insights into the bank's underlying performance and future expectations.
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