Peoples Bank OH Has $17.59 Million Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

Peoples Bank OH reduced its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 0.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 584,655 shares of the bank’s stock after selling 1,650 shares during the period. Peoples Bancorp comprises 9.0% of Peoples Bank OH’s portfolio, making the stock its 2nd biggest position. Peoples Bank OH’s holdings in Peoples Bancorp were worth $17,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEBO. American Century Companies Inc. lifted its stake in shares of Peoples Bancorp by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock worth $17,580,000 after acquiring an additional 123,423 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Peoples Bancorp by 158.5% during the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after acquiring an additional 35,333 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in Peoples Bancorp during the 1st quarter worth $1,011,000. Hantz Financial Services Inc. purchased a new position in Peoples Bancorp during the 2nd quarter worth $981,000. Finally, Black Maple Capital Management LP purchased a new position in Peoples Bancorp during the 1st quarter worth $966,000. 60.68% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Monday, September 9th. The stock was sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now directly owns 29,963 shares in the company, valued at approximately $908,777.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 2,121 shares of company stock worth $64,340. 3.46% of the stock is currently owned by company insiders.

Peoples Bancorp Trading Up 0.1 %

PEBO traded up $0.04 during trading on Thursday, hitting $31.00. 54,679 shares of the stock were exchanged, compared to its average volume of 124,106. The firm has a 50 day simple moving average of $30.58 and a 200 day simple moving average of $30.11. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 8.78 and a beta of 0.75. Peoples Bancorp Inc. has a 1 year low of $25.24 and a 1 year high of $34.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. The business had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. During the same period last year, the business posted $1.06 EPS. As a group, equities analysts expect that Peoples Bancorp Inc. will post 3.29 EPS for the current year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.16%. Peoples Bancorp’s dividend payout ratio is presently 45.45%.

Analyst Ratings Changes

Separately, Piper Sandler reduced their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.50.

Peoples Bancorp 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.