4,086 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Acquired by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) in the third quarter, HoldingsChannel reports. The fund bought 4,086 shares of the bank’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PEBO. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Peoples Bancorp by 17.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,652 shares of the bank’s stock worth $375,000 after acquiring an additional 1,900 shares during the period. Principal Financial Group Inc. lifted its position in shares of Peoples Bancorp by 25.8% in the first quarter. Principal Financial Group Inc. now owns 16,844 shares of the bank’s stock worth $499,000 after purchasing an additional 3,453 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Peoples Bancorp by 126.0% in the first quarter. BNP Paribas Financial Markets now owns 20,367 shares of the bank’s stock valued at $603,000 after purchasing an additional 11,354 shares during the last quarter. Shoker Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 1.2% in the first quarter. Shoker Investment Counsel Inc. now owns 30,433 shares of the bank’s stock valued at $874,000 after purchasing an additional 363 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Peoples Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 134,697 shares of the bank’s stock valued at $3,988,000 after acquiring an additional 10,150 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction that occurred 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 owns 29,963 shares in the company, valued at $908,777.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was 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 $908,777.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David F. Dierker sold 4,000 shares of Peoples Bancorp stock in a transaction on Monday, July 15th. The shares were sold at an average price of $32.07, for a total value of $128,280.00. Following the completion of the transaction, the director now owns 13,330 shares of the company’s stock, valued at approximately $427,493.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,617 shares of company stock valued at $209,214. Company insiders own 3.46% of the company’s stock.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $29.55 on Wednesday. Peoples Bancorp Inc. has a 1-year low of $25.04 and a 1-year high of $34.85. The business has a fifty day moving average price of $30.42 and a 200-day moving average price of $29.94. The company has a market capitalization of $1.05 billion, a PE ratio of 8.85 and a beta of 0.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82.

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

Peoples Bancorp Announces Dividend

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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend was Monday, August 5th. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on shares of Peoples Bancorp in a report on Friday, October 4th. They issued an “overweight” rating and a $39.00 target price for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Peoples Bancorp currently has a consensus rating of “Hold” and an average target price of $34.25.

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.