Arizona State Retirement System Has $327,000 Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Arizona State Retirement System raised its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,304 shares of the bank’s stock after acquiring an additional 595 shares during the period. Arizona State Retirement System’s holdings in Peoples Bancorp were worth $327,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. US Bancorp DE grew its holdings in shares of Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock valued at $35,000 after purchasing an additional 693 shares during the last quarter. FMR LLC increased its holdings in shares of Peoples Bancorp by 42.0% during the third 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. Spire Wealth Management bought a new position in shares of Peoples Bancorp in the 4th quarter valued at $43,000. Quantbot Technologies LP boosted its holdings in shares of Peoples Bancorp by 223.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank’s stock valued at $119,000 after acquiring an additional 2,738 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Peoples Bancorp during the 3rd quarter worth $297,000. Institutional investors and hedge funds own 60.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson decreased their price objective on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Piper Sandler lifted their target price on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Stephens reissued an “equal weight” rating and issued a $37.50 price target on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.90.

Peoples Bancorp Price Performance

PEBO stock opened at $29.80 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 9.00 and a beta of 0.75. The company’s fifty day simple moving average is $31.75 and its 200 day simple moving average is $32.07. Peoples Bancorp Inc. has a 12-month low of $27.03 and a 12-month high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. Peoples Bancorp had a return on equity of 11.07% and a net margin of 18.90%. During the same period in the prior year, the business posted $1.04 EPS. On average, analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp’s payout ratio is 48.34%.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the completion of the sale, the director now directly owns 26,686 shares in the company, valued at approximately $876,101.38. This trade represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 3,000 shares of company stock valued at $94,050 in the last quarter. 3.46% of the stock is currently owned by company 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.