Los Angeles Capital Management LLC Sells 1,300 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Los Angeles Capital Management LLC trimmed its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 11.5% in the third quarter, HoldingsChannel reports. The firm owned 9,997 shares of the bank’s stock after selling 1,300 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Peoples Bancorp were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in Peoples Bancorp during the second quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of Peoples Bancorp in the second quarter valued at about $46,000. CWM LLC boosted its position in shares of Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after acquiring an additional 1,552 shares during the period. Quest Partners LLC boosted its position in shares of Peoples Bancorp by 20,273.3% in the second quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after acquiring an additional 3,041 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Peoples Bancorp in the third quarter valued at about $123,000. 60.68% of the stock is owned by institutional investors.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the 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 directly owns 29,963 shares in the company, valued at approximately $908,777.79. This represents a 3.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Craig Beam sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now owns 23,760 shares in the company, valued at $815,205.60. The trade was a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,541 shares of company stock worth $351,856 over the last ninety days. Insiders own 3.46% of the company’s stock.

Peoples Bancorp Trading Down 0.1 %

PEBO opened at $35.40 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.09 and a beta of 0.74. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $36.19. The company has a 50-day simple moving average of $31.25 and a 200 day simple moving average of $30.65.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping the consensus estimate of $0.82 by $0.07. The firm had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Analysts predict that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Monday, November 4th. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

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.