Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 55.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,345 shares of the bank’s stock after purchasing an additional 20,173 shares during the period. Jane Street Group LLC owned 0.16% of Peoples Bancorp worth $1,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of PEBO. Bank of New York Mellon Corp lifted its stake in shares of Peoples Bancorp by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 318,966 shares of the bank’s stock worth $9,569,000 after buying an additional 4,270 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Peoples Bancorp by 19.1% during the 2nd 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. Innealta Capital LLC purchased a new stake in Peoples Bancorp during the 2nd quarter valued at about $46,000. Principal Financial Group Inc. increased its holdings in shares of Peoples Bancorp by 7.5% in the second quarter. Principal Financial Group Inc. now owns 18,112 shares of the bank’s stock valued at $543,000 after purchasing an additional 1,268 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Peoples Bancorp during the second quarter worth about $981,000. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

PEBO has been the topic of several research reports. Piper Sandler cut their price target on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.25.

Insider Transactions at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.82, for a total transaction of $34,820.00. Following the completion of the transaction, the director now directly owns 28,322 shares of the company’s stock, valued at $986,172.04. This represents a 3.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David F. Dierker sold 2,000 shares of Peoples Bancorp stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $35.36, for a total transaction of $70,720.00. Following the completion of the sale, the director now directly owns 1,214 shares in the company, valued at $42,927.04. This represents a 62.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,445 shares of company stock valued at $393,806 in the last ninety days. 3.46% of the stock is currently owned by corporate insiders.

Peoples Bancorp Stock Up 1.0 %

Shares of PEBO stock opened at $32.46 on Thursday. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $37.07. The stock has a market cap of $1.15 billion, a P/E ratio of 9.25 and a beta of 0.77. The stock has a 50 day moving average of $33.60 and a 200 day moving average of $31.58. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21.

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

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.93%. Peoples Bancorp’s dividend payout ratio (DPR) is currently 45.58%.

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.