Susquehanna Portfolio Strategies LLC Has $256,000 Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Susquehanna Portfolio Strategies LLC reduced its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 29.8% during the second quarter, Holdings Channel.com reports. The fund owned 8,542 shares of the bank’s stock after selling 3,622 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Peoples Bancorp were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PEBO. nVerses Capital LLC acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at about $27,000. Innealta Capital LLC acquired a new stake in Peoples Bancorp in the second quarter valued at approximately $46,000. Quest Partners LLC increased its holdings in shares of Peoples Bancorp by 20,273.3% during 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 in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Peoples Bancorp during the first quarter worth approximately $118,000. Finally, EntryPoint Capital LLC bought a new position in shares of Peoples Bancorp in the 1st quarter worth $129,000. 60.68% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director David F. Dierker sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $32.07, for a total transaction of $128,280.00. Following the completion of the transaction, the director now owns 13,330 shares in the company, valued at $427,493.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $30.33, for a total transaction of $30,330.00. Following the sale, the director now owns 29,963 shares of the company’s stock, valued at approximately $908,777.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David F. Dierker sold 4,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $32.07, for a total value of $128,280.00. Following the sale, the director now owns 13,330 shares in the company, valued at $427,493.10. The disclosure for this sale can be found here. Insiders sold a total of 6,617 shares of company stock valued at $209,214 in the last ninety days. 3.46% of the stock is currently owned by insiders.

Peoples Bancorp Stock Down 0.0 %

Peoples Bancorp stock opened at $29.70 on Monday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.89 and a beta of 0.75. The firm’s fifty day moving average price is $31.01 and its two-hundred day moving average price is $29.85. Peoples Bancorp Inc. has a 1-year low of $24.84 and a 1-year high of $34.85. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). The company had revenue of $154.47 million for the quarter, compared to the consensus estimate of $111.30 million. Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. During the same quarter last year, the company posted $0.83 EPS. On average, equities research analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Monday, August 5th. Peoples Bancorp’s dividend payout ratio is presently 47.90%.

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.