Quantbot Technologies LP Sells 2,617 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Quantbot Technologies LP trimmed its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 66.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,347 shares of the bank’s stock after selling 2,617 shares during the quarter. Quantbot Technologies LP’s holdings in Peoples Bancorp were worth $43,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE raised its stake in shares of Peoples Bancorp by 172.8% during the fourth quarter. US Bancorp DE now owns 1,094 shares of the bank’s stock worth $35,000 after buying an additional 693 shares during the last quarter. FMR LLC grew its holdings in Peoples Bancorp by 42.0% during the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock worth $38,000 after acquiring an additional 370 shares during the period. Spire Wealth Management bought a new stake in shares of Peoples Bancorp during the 4th quarter valued at $43,000. Virtu Financial LLC acquired a new position in shares of Peoples Bancorp in the 4th quarter valued at $243,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Peoples Bancorp in the 3rd quarter valued at $297,000. 60.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PEBO shares. DA Davidson decreased their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Stephens reissued an “equal weight” rating and issued a $37.50 price target on shares of Peoples Bancorp in a 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. Finally, 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 note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Peoples Bancorp has an average rating of “Hold” and an average target price of $38.38.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the transaction, the director now directly owns 27,686 shares of the company’s stock, valued at $858,819.72. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $94,050. Insiders own 3.41% of the company’s stock.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $29.64 on Wednesday. The company has a market cap of $1.06 billion, a PE ratio of 8.95 and a beta of 0.75. The firm has a 50-day moving average of $31.46 and a 200-day moving average of $32.00. Peoples Bancorp Inc. has a one year low of $27.10 and a one year high of $37.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $0.76 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 last year, the business posted $1.04 EPS. As a group, equities analysts forecast that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.40%. Peoples Bancorp’s 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.