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

nVerses Capital LLC increased its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 322.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,800 shares of the bank’s stock after acquiring an additional 2,900 shares during the period. nVerses Capital LLC’s holdings in Peoples Bancorp were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PEBO. American Century Companies Inc. grew its position in shares of Peoples Bancorp by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after acquiring an additional 123,423 shares during the period. AQR Capital Management LLC boosted its holdings in Peoples Bancorp by 158.5% in the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after buying an additional 35,333 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in Peoples Bancorp in the 1st quarter worth about $1,011,000. Hantz Financial Services Inc. acquired a new stake in Peoples Bancorp in the 2nd quarter worth about $981,000. Finally, Black Maple Capital Management LP acquired a new stake in Peoples Bancorp in the 1st quarter worth about $966,000. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler initiated coverage on Peoples Bancorp in a report on Friday, October 4th. They issued an “overweight” rating and a $39.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp presently has an average rating of “Hold” and a consensus price target of $34.25.

Peoples Bancorp Trading Down 1.6 %

PEBO opened at $31.70 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $30.50 and its two-hundred day simple moving average is $30.05. Peoples Bancorp Inc. has a 1-year low of $25.04 and a 1-year high of $34.85. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.01 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last released its earnings results on Tuesday, July 23rd. The bank reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Peoples Bancorp had a return on equity of 12.76% and a net margin of 20.58%. The business had revenue of $154.47 million during the quarter, compared to analysts’ expectations of $111.30 million. During the same period last year, the business earned $0.83 earnings per share. Analysts expect that Peoples Bancorp Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total value of $30,360.00. Following the transaction, the director now directly owns 10,330 shares of the company’s stock, valued at $313,618.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 2,121 shares of company stock valued at $64,340 in the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

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.