12,422 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,422 shares of the bank’s stock, valued at approximately $394,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Peoples Bancorp by 1.4% during the third quarter. State Street Corp now owns 1,027,413 shares of the bank’s stock valued at $30,915,000 after purchasing an additional 14,426 shares during the last quarter. Geode Capital Management LLC lifted its stake in Peoples Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 850,654 shares of the bank’s stock valued at $25,601,000 after acquiring an additional 22,285 shares during the period. Peoples Bank OH raised its stake in Peoples Bancorp by 1.1% during the 4th quarter. Peoples Bank OH now owns 590,905 shares of the bank’s stock valued at $18,726,000 after buying an additional 6,250 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Peoples Bancorp by 153.6% in the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after purchasing an additional 213,488 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Peoples Bancorp by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank’s stock valued at $8,883,000 after buying an additional 5,071 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stephens reissued an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Piper Sandler raised their price objective on Peoples Bancorp from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target 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. Finally, DA Davidson lowered their target price on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Peoples Bancorp currently has an average rating of “Hold” and an average price target of $36.90.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $32.83, for a total value of $32,830.00. Following the transaction, the director now directly owns 26,686 shares in the company, valued at approximately $876,101.38. This represents a 3.61 % decrease in their ownership of the stock. The transaction 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 over the last quarter. Insiders own 3.41% of the company’s stock.

Peoples Bancorp Trading Down 1.4 %

Shares of Peoples Bancorp stock opened at $29.93 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. Peoples Bancorp Inc. has a twelve month low of $27.10 and a twelve month high of $37.07. The business has a 50-day moving average price of $31.61 and a 200-day moving average price of $32.01. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 9.04 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company posted $1.04 earnings per share. Equities research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.40 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a 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.