Barclays PLC Purchases 36,684 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Barclays PLC grew its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 138.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,096 shares of the bank’s stock after acquiring an additional 36,684 shares during the quarter. Barclays PLC owned 0.18% of Peoples Bancorp worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Shoker Investment Counsel Inc. increased its position in Peoples Bancorp by 1.2% in the second quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock worth $924,000 after purchasing an additional 356 shares during the last quarter. FMR LLC grew its stake in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after buying an additional 370 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Peoples Bancorp by 3.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock worth $362,000 after buying an additional 381 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Peoples Bancorp by 2.7% during the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock valued at $721,000 after buying an additional 626 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Peoples Bancorp in the 2nd quarter valued at about $27,000. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Piper Sandler reduced their price objective on Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their target price on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $34.25.

Peoples Bancorp Stock Performance

Peoples Bancorp stock opened at $32.47 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1.15 billion, a P/E ratio of 9.25 and a beta of 0.77. Peoples Bancorp Inc. has a 1-year low of $26.74 and a 1-year high of $37.07. The company’s 50-day moving average is $33.60 and its 200 day moving average is $31.58.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.07. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $112.30 million. During the same period in the prior year, the business posted $1.06 earnings per share. Research analysts forecast that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp’s dividend payout ratio is presently 45.58%.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the sale, the director now directly owns 29,322 shares of the company’s stock, valued at $1,000,759.86. The trade was a 3.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew Edgell sold 3,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total value of $103,080.00. Following the transaction, the insider now directly owns 16,092 shares in the company, valued at $552,921.12. The trade was a 15.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,445 shares of company stock worth $393,806 in the last 90 days. 3.46% of the stock is 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.