Peoples Bancorp Inc. (NASDAQ:PEBO) Stake Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 34.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,078 shares of the bank’s stock after purchasing an additional 14,658 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.16% of Peoples Bancorp worth $1,717,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Boston Partners acquired a new position in shares of Peoples Bancorp during the first quarter valued at $710,000. Vanguard Group Inc. boosted its position in Peoples Bancorp by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank’s stock worth $56,388,000 after acquiring an additional 18,272 shares during the period. EMC Capital Management boosted its position in Peoples Bancorp by 787.3% during the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock worth $1,730,000 after acquiring an additional 51,006 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Peoples Bancorp in the second quarter worth $981,000. Finally, AQR Capital Management LLC increased its holdings in shares of Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after purchasing an additional 35,333 shares during the period. Institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.50.

Peoples Bancorp Price Performance

Shares of Peoples Bancorp stock opened at $35.08 on Friday. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $32.07 and its two-hundred day moving average price is $30.96. The stock has a market cap of $1.25 billion, a PE ratio of 10.03 and a beta of 0.74.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share (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 for the quarter, compared to analyst estimates of $112.30 million. During the same quarter in the previous year, the business posted $1.06 earnings per share. As a group, sell-side analysts anticipate that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

Insider Activity

In other news, Director S Craig Beam sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 23,760 shares of the company’s stock, valued at $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 29,963 shares in the company, valued at approximately $908,777.79. This represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,445 shares of company stock valued at $348,956 over the last three months. Insiders own 3.46% of the company’s stock.

Peoples Bancorp 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.