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

Fmr LLC grew its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 42.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,252 shares of the bank’s stock after purchasing an additional 370 shares during the period. Fmr LLC’s holdings in Peoples Bancorp were worth $38,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Peoples Bancorp during the 2nd quarter worth $27,000. Innealta Capital LLC acquired a new stake in Peoples Bancorp in the 2nd quarter worth about $46,000. CWM LLC boosted its stake in Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after buying an additional 1,552 shares during the last quarter. Quest Partners LLC grew its holdings in Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock valued at $92,000 after buying an additional 3,041 shares during the period. Finally, Quantbot Technologies LP increased its stake 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 acquiring an additional 2,738 shares during the last quarter. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Peoples Bancorp Price Performance

Shares of NASDAQ:PEBO opened at $32.46 on Thursday. The company has a market cap of $1.15 billion, a PE ratio of 9.25 and a beta of 0.77. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week high of $37.07. The firm has a 50-day simple moving average of $33.60 and a 200 day simple moving average of $31.58. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO) last posted 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. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The firm had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $112.30 million. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.31 EPS for the current 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $34.82, for a total value of $34,820.00. Following the completion of the sale, the director now owns 28,322 shares in the company, valued at approximately $986,172.04. This represents a 3.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Craig Beam sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now directly 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. In the last 90 days, insiders have sold 11,445 shares of company stock valued at $393,806. Corporate insiders own 3.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PEBO shares. Keefe, Bruyette & Woods boosted their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler reduced their target price on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.