Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 32.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,074 shares of the bank’s stock after selling 32,112 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.19% of Peoples Bancorp worth $2,012,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of Peoples Bancorp by 20,273.3% during the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank’s stock worth $92,000 after buying an additional 3,041 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Peoples Bancorp by 3.1% during the second quarter. Victory Capital Management Inc. now owns 35,050 shares of the bank’s stock worth $1,052,000 after acquiring an additional 1,050 shares during the period. Rhumbline Advisers raised its position in Peoples Bancorp by 5.4% in the second quarter. Rhumbline Advisers now owns 65,803 shares of the bank’s stock worth $1,974,000 after acquiring an additional 3,376 shares in the last quarter. Shoker Investment Counsel Inc. lifted its holdings in Peoples Bancorp by 1.2% in the second quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock valued at $924,000 after acquiring an additional 356 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Peoples Bancorp during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Insider Activity

In other news, Director David F. Dierker sold 4,000 shares of Peoples Bancorp stock in a transaction on 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 transaction, the director now owns 13,330 shares of the company’s stock, valued at approximately $427,493.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director David F. Dierker sold 4,000 shares of the stock in a transaction that occurred 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 directly owns 13,330 shares in the company, valued at $427,493.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred 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 owns 29,963 shares of the company’s stock, valued at $908,777.79. The disclosure for this sale can be found here. Insiders sold a total of 5,617 shares of company stock worth $178,854 over the last 90 days. 3.46% of the stock is currently owned by corporate insiders.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $30.56 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.22. Peoples Bancorp Inc. has a 52-week low of $24.84 and a 52-week high of $34.85. The company has a 50-day simple moving average of $31.35 and a 200-day simple moving average of $29.77. The company has a market capitalization of $1.09 billion, a PE ratio of 9.15 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The company had revenue of $154.47 million for the quarter, compared to analyst estimates of $111.30 million. Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. During the same quarter in the previous year, the business posted $0.83 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.24%. The ex-dividend date was Monday, August 5th. Peoples Bancorp’s dividend payout ratio (DPR) 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.