Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 262.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,704 shares of the bank’s stock after acquiring an additional 29,479 shares during the quarter. Cerity Partners LLC owned 0.11% of Peoples Bancorp worth $1,225,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PEBO. American Century Companies Inc. raised its position in Peoples Bancorp by 26.7% during the second quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after acquiring an additional 123,423 shares in the last quarter. EMC Capital Management increased its position in shares of Peoples Bancorp by 787.3% in the third quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock valued at $1,730,000 after buying an additional 51,006 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Peoples Bancorp in the third quarter valued at approximately $1,244,000. AQR Capital Management LLC increased its position in shares of Peoples Bancorp by 158.5% in the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after buying an additional 35,333 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Peoples Bancorp in the second quarter valued at approximately $981,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their price objective on 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of “Hold” and a consensus price target of $33.50.

Peoples Bancorp Stock Down 0.9 %

Peoples Bancorp stock opened at $34.80 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $32.25 and a 200-day simple moving average of $31.03. The stock has a market capitalization of $1.24 billion, a PE ratio of 9.91 and a beta of 0.77. Peoples Bancorp Inc. has a 12 month low of $26.74 and a 12 month high of $37.07.

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

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the transaction, the director now owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. The trade was a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the business’s 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 transaction, the director now directly owns 29,963 shares in the company, valued at $908,777.79. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,445 shares of company stock valued at $419,676 over the last ninety days. Insiders own 3.46% of the company’s stock.

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.