Hantz Financial Services Inc. Buys Shares of 32,714 Peoples Bancorp Inc. (NASDAQ:PEBO)

Hantz Financial Services Inc. purchased a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) during the second quarter, HoldingsChannel.com reports. The fund purchased 32,714 shares of the bank’s stock, valued at approximately $981,000.

A number of other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its position in shares of Peoples Bancorp by 7.5% during the second quarter. Principal Financial Group Inc. now owns 18,112 shares of the bank’s stock worth $543,000 after purchasing an additional 1,268 shares during the period. Innealta Capital LLC acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Peoples Bancorp by 19.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,741 shares of the bank’s stock worth $322,000 after purchasing an additional 1,725 shares during the period. Bank of New York Mellon Corp raised its position in shares of Peoples Bancorp by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 318,966 shares of the bank’s stock worth $9,569,000 after purchasing an additional 4,270 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of Peoples Bancorp by 4.1% during the second quarter. Wedge Capital Management L L P NC now owns 24,567 shares of the bank’s stock worth $737,000 after purchasing an additional 960 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Trading Up 1.0 %

NASDAQ PEBO opened at $32.00 on Friday. The firm has a market cap of $1.14 billion, a P/E ratio of 9.58 and a beta of 0.76. 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 stock’s 50-day moving average is $30.97 and its 200-day moving average is $29.54. Peoples Bancorp Inc. has a one year low of $24.84 and a one year high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. The firm had revenue of $154.47 million during the quarter, compared to analyst estimates of $111.30 million. During the same period in the prior year, the business posted $0.83 EPS. Sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Monday, August 5th. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

Insider Activity at Peoples Bancorp

In related news, Director David F. Dierker sold 4,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $32.07, for a total value of $128,280.00. Following the sale, the director now owns 13,330 shares of the company’s stock, valued at approximately $427,493.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 4,617 shares of company stock valued at $148,524. 3.46% of the stock is owned by insiders.

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.