Stock Analysis

The Independent Chairman of Peoples Bancorp Inc. (NASDAQ:PEBO), Susan Rector, Just Bought 11% More Shares

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NasdaqGS:PEBO
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Whilst it may not be a huge deal, we thought it was good to see that the Peoples Bancorp Inc. (NASDAQ:PEBO) Independent Chairman, Susan Rector, recently bought US$60k worth of stock, for US$28.53 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 11%.

Check out our latest analysis for Peoples Bancorp

The Last 12 Months Of Insider Transactions At Peoples Bancorp

In the last twelve months, the biggest single purchase by an insider was when Independent Non-Employee Director Kevin Reeves bought US$89k worth of shares at a price of US$29.80 per share. That means that an insider was happy to buy shares at above the current price of US$26.86. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Happily, we note that in the last year insiders paid US$175k for 6.00k shares. On the other hand they divested 1.05k shares, for US$32k. Overall, Peoples Bancorp insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NasdaqGS:PEBO Insider Trading Volume March 15th 2023

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Peoples Bancorp Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Peoples Bancorp insiders own 3.2% of the company, worth about US$24m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Peoples Bancorp Insiders?

Insider purchases may have been minimal, in the last three months, but there was no selling at all. The net investment is not enough to encourage us much. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think Peoples Bancorp insiders are doubting the company, and they do own shares. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Peoples Bancorp.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

What are the risks and opportunities for Peoples Bancorp?

Peoples Bancorp Inc. operates as the holding company for Peoples Bank that provides commercial and retail banking products and services.

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Rewards

  • Trading at 60.9% below our estimate of its fair value

  • Earnings are forecast to grow 12.68% per year

  • Earnings grew by 113.5% over the past year

Risks

No risks detected for PEBO from our risks checks.

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