EMC Capital Management Has $1.73 Million Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

EMC Capital Management lifted its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 787.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,485 shares of the bank’s stock after acquiring an additional 51,006 shares during the quarter. EMC Capital Management’s holdings in Peoples Bancorp were worth $1,730,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners bought a new stake in Peoples Bancorp during the first quarter worth $710,000. Vanguard Group Inc. increased its stake in shares of Peoples Bancorp by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock worth $56,388,000 after purchasing an additional 18,272 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Peoples Bancorp in the 2nd quarter valued at about $981,000. AQR Capital Management LLC lifted its stake in Peoples Bancorp by 158.5% in the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after purchasing an additional 35,333 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Peoples Bancorp by 11.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,252 shares of the bank’s stock worth $1,429,000 after purchasing an additional 5,141 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler dropped their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.50.

Peoples Bancorp Price Performance

NASDAQ:PEBO opened at $30.83 on Friday. The firm’s fifty day moving average price is $30.67 and its two-hundred day moving average price is $30.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $1.09 billion, a P/E ratio of 8.78 and a beta of 0.75. Peoples Bancorp Inc. has a one year low of $26.74 and a one year high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $112.30 million. Peoples Bancorp had a return on equity of 12.01% and a net margin of 20.16%. During the same period last year, the firm posted $1.06 EPS. Equities analysts expect that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Announces Dividend

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 $0.40 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 5.19%. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Insider Buying and Selling

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $30.36, for a total value of $30,360.00. Following the completion of the sale, the director now owns 10,330 shares of the company’s stock, valued at $313,618.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 2,541 shares of company stock valued at $77,406. 3.46% of the stock is owned by company insiders.

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.