Quest Partners LLC Purchases 3,041 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Quest Partners LLC raised its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 20,273.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,056 shares of the bank’s stock after buying an additional 3,041 shares during the quarter. Quest Partners LLC’s holdings in Peoples Bancorp were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PEBO. nVerses Capital LLC purchased a new stake in Peoples Bancorp during the second quarter valued at about $27,000. Innealta Capital LLC purchased a new position in Peoples Bancorp in the 2nd quarter valued at approximately $46,000. Future Financial Wealth Managment LLC bought a new stake in Peoples Bancorp during the 1st quarter valued at $118,000. EntryPoint Capital LLC purchased a new stake in shares of Peoples Bancorp during the first quarter worth $129,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Peoples Bancorp by 19.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,741 shares of the bank’s stock worth $322,000 after acquiring an additional 1,725 shares during the period. Institutional investors own 60.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $30.33, for a total transaction of $30,330.00. Following the completion of the transaction, the director now owns 29,963 shares of the company’s stock, valued at $908,777.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Peoples Bancorp news, Director David F. Dierker sold 4,000 shares of Peoples Bancorp stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $32.07, for a total transaction of $128,280.00. Following the completion of the sale, the director now owns 13,330 shares of the company’s stock, valued at $427,493.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now owns 29,963 shares in the company, valued at $908,777.79. The disclosure for this sale can be found here. Insiders have sold 5,617 shares of company stock worth $178,854 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $31.22 on Wednesday. Peoples Bancorp Inc. has a 52-week low of $24.84 and a 52-week high of $34.85. The stock’s 50-day simple moving average is $31.27 and its 200 day simple moving average is $29.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.34 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. The firm had revenue of $154.47 million for the quarter, compared to analysts’ expectations of $111.30 million. During the same period in the prior year, the firm posted $0.83 EPS. Research analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 5.12%. The ex-dividend date was Monday, August 5th. Peoples Bancorp’s payout ratio is 47.90%.

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.