Creative Planning Has $708,000 Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Creative Planning boosted its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 38.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,591 shares of the bank’s stock after acquiring an additional 6,542 shares during the period. Creative Planning owned 0.07% of Peoples Bancorp worth $708,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after purchasing an additional 123,423 shares during the last quarter. AQR Capital Management LLC grew its holdings in Peoples Bancorp by 158.5% during the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after acquiring an additional 35,333 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of Peoples Bancorp in the 1st quarter worth about $1,011,000. Hantz Financial Services Inc. acquired a new position in shares of Peoples Bancorp in the 2nd quarter valued at about $981,000. Finally, Black Maple Capital Management LP bought a new stake in shares of Peoples Bancorp during the 1st quarter valued at about $966,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler started coverage on Peoples Bancorp in a report on Friday, October 4th. They set an “overweight” rating and a $39.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.25.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred 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 transaction, the director now owns 29,963 shares of the company’s stock, valued at $908,777.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 29,963 shares of the company’s stock, valued at approximately $908,777.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David F. Dierker sold 4,000 shares of the 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 sale, the director now directly owns 13,330 shares of the company’s stock, valued at $427,493.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,642 shares of company stock valued at $209,964 over the last ninety days. 3.46% of the stock is currently owned by insiders.

Peoples Bancorp Trading Up 3.0 %

Shares of Peoples Bancorp stock opened at $30.35 on Friday. The stock has a market capitalization of $1.08 billion, a PE ratio of 8.62 and a beta of 0.75. Peoples Bancorp Inc. has a 52 week low of $25.04 and a 52 week high of $34.85. The stock has a 50 day moving average price of $30.29 and a two-hundred day moving average price of $29.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO) last announced 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). Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. The business had revenue of $154.47 million for the quarter, compared to the consensus estimate of $111.30 million. During the same quarter last year, the firm posted $0.83 EPS. As a group, equities analysts anticipate that Peoples Bancorp Inc. will post 3.29 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 5th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Monday, August 5th. Peoples Bancorp’s dividend payout ratio is currently 45.45%.

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.