US Bancorp DE Has $35,000 Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

US Bancorp DE raised its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 172.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,094 shares of the bank’s stock after purchasing an additional 693 shares during the quarter. US Bancorp DE’s holdings in Peoples Bancorp were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Shoker Investment Counsel Inc. grew its holdings in shares of Peoples Bancorp by 1.0% in the 4th quarter. Shoker Investment Counsel Inc. now owns 31,467 shares of the bank’s stock valued at $997,000 after acquiring an additional 316 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Peoples Bancorp during the fourth quarter worth about $394,000. Y Intercept Hong Kong Ltd grew its holdings in Peoples Bancorp by 67.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 16,487 shares of the bank’s stock worth $522,000 after purchasing an additional 6,622 shares during the period. Peoples Bank OH grew its holdings in Peoples Bancorp by 1.1% during the fourth quarter. Peoples Bank OH now owns 590,905 shares of the bank’s stock worth $18,726,000 after purchasing an additional 6,250 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Peoples Bancorp by 7.8% during the fourth quarter. Principal Financial Group Inc. now owns 18,430 shares of the bank’s stock worth $584,000 after purchasing an additional 1,339 shares during the period. Institutional investors own 60.68% of the company’s stock.

Insider Buying and Selling

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.20, for a total value of $30,200.00. Following the completion of the sale, the director now directly owns 25,686 shares of the company’s stock, valued at approximately $775,717.20. This represents a 3.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 3,000 shares of company stock worth $94,050 in the last quarter. Insiders own 3.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PEBO shares. Keefe, Bruyette & Woods raised their price objective on shares of Peoples Bancorp from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens restated an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. DA Davidson dropped their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Piper Sandler lifted their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $36.90.

Peoples Bancorp Stock Performance

Shares of Peoples Bancorp stock opened at $29.92 on Wednesday. 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 stock has a market cap of $1.07 billion, a price-to-earnings ratio of 9.04 and a beta of 0.75. The company’s fifty day moving average is $31.69 and its 200 day moving average is $32.05. Peoples Bancorp Inc. has a twelve month low of $27.03 and a twelve 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 for the quarter, beating the consensus estimate of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same quarter last year, the company earned $1.04 EPS. Sell-side analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.35%. Peoples Bancorp’s dividend payout ratio is presently 48.34%.

About Peoples Bancorp

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.