Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Purchased by Peoples Bank OH

Peoples Bank OH grew its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590,905 shares of the bank’s stock after buying an additional 6,250 shares during the quarter. Peoples Bancorp accounts for about 11.0% of Peoples Bank OH’s holdings, making the stock its biggest position. Peoples Bank OH owned approximately 1.66% of Peoples Bancorp worth $18,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. Spire Wealth Management purchased a new position in Peoples Bancorp during the fourth quarter worth about $43,000. CWM LLC boosted its holdings in Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after purchasing an additional 1,552 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Peoples Bancorp by 223.3% during the third quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock worth $119,000 after purchasing an additional 2,738 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Peoples Bancorp during the third quarter worth about $297,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $32.51 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 9.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. The firm’s 50-day simple moving average is $32.29 and its two-hundred day simple moving average is $31.99.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period last year, the company earned $1.04 EPS. As a group, equities analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s dividend payout ratio (DPR) is currently 48.34%.

Analysts Set New Price Targets

Several research firms recently weighed in on PEBO. Stephens restated an “equal weight” rating and set a $37.50 price target on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Piper Sandler lifted their price objective on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. DA Davidson lowered their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.90.

Insider Activity

In other news, Director David F. Dierker sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total value of $70,720.00. Following the sale, the director now owns 1,214 shares of the company’s stock, valued at $42,927.04. The trade was a 62.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $31.02, for a total transaction of $31,020.00. Following the completion of the sale, the director now directly owns 27,686 shares in the company, valued at approximately $858,819.72. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $169,390 over the last quarter. Company insiders own 3.46% of the company’s stock.

About Peoples Bancorp

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.