BNP Paribas Financial Markets Buys 6,869 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

BNP Paribas Financial Markets grew its stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 72.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,351 shares of the bank’s stock after buying an additional 6,869 shares during the quarter. BNP Paribas Financial Markets’ holdings in Peoples Bancorp were worth $492,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after purchasing an additional 370 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Peoples Bancorp by 223.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,738 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Peoples Bancorp by 2.7% during the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock valued at $721,000 after buying an additional 626 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Peoples Bancorp in the 3rd quarter worth approximately $323,000. Finally, Cerity Partners LLC boosted its stake in Peoples Bancorp by 262.6% in the third quarter. Cerity Partners LLC now owns 40,704 shares of the bank’s stock worth $1,225,000 after buying an additional 29,479 shares in the last quarter. 60.68% of the stock is owned by institutional investors.

Peoples Bancorp Trading Down 0.2 %

NASDAQ:PEBO opened at $34.62 on Friday. The firm has a market capitalization of $1.23 billion, a P/E ratio of 9.86 and a beta of 0.77. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. 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 company has a fifty day moving average of $33.21 and a 200 day moving average of $31.33.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating 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 net margin of 20.16% and a return on equity of 11.84%. During the same period in the prior year, the firm posted $1.06 earnings per share. On average, research analysts predict that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.62%. The ex-dividend date was Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.58%.

Insider Transactions at Peoples Bancorp

In related news, Director David F. Dierker sold 1,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total value of $30,360.00. Following the completion of the sale, the director now owns 10,330 shares of the company’s stock, valued at $313,618.80. This trade represents a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total transaction of $137,240.00. Following the transaction, the director now directly owns 23,760 shares in the company, valued at approximately $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. In the last three months, insiders have sold 12,445 shares of company stock worth $424,166. 3.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

PEBO has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler decreased their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.25.

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.