Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 32.4% during the second quarter, Holdings Channel reports. The fund owned 67,074 shares of the bank’s stock after selling 32,112 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Peoples Bancorp were worth $2,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Peoples Bancorp by 13.3% during the fourth quarter. Franklin Resources Inc. now owns 1,815,196 shares of the bank’s stock worth $61,281,000 after purchasing an additional 213,264 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Peoples Bancorp by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,412,411 shares of the bank’s stock worth $81,444,000 after buying an additional 51,087 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Peoples Bancorp during the 1st quarter valued at about $1,011,000. Hantz Financial Services Inc. purchased a new position in shares of Peoples Bancorp during the 2nd quarter worth about $981,000. Finally, Black Maple Capital Management LP acquired a new stake in shares of Peoples Bancorp in the first quarter worth approximately $966,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Peoples Bancorp Price Performance

Peoples Bancorp stock opened at $30.56 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.15 and a beta of 0.75. Peoples Bancorp Inc. has a 1 year low of $24.84 and a 1 year high of $34.85. The firm has a 50 day moving average price of $31.35 and a 200 day moving average price of $29.77.

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

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.24%. Peoples Bancorp’s dividend payout ratio (DPR) is 47.90%.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the sale, the director now owns 29,963 shares of the company’s stock, valued at approximately $908,777.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director David F. Dierker sold 4,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 13,330 shares in the company, valued at approximately $427,493.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated 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 owns 29,963 shares in the company, valued at approximately $908,777.79. The disclosure for this sale can be found here. Insiders have sold 5,617 shares of company stock valued at $178,854 in the last three months. Corporate insiders own 3.46% of the company’s stock.

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.