Future Financial Wealth Managment LLC Purchases Shares of 4,086 Peoples Bancorp Inc. (NASDAQ:PEBO)

Future Financial Wealth Managment LLC purchased a new position in Peoples Bancorp Inc. (NASDAQ:PEBO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,086 shares of the bank’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEBO. SG Americas Securities LLC acquired a new position in shares of Peoples Bancorp in the third quarter worth approximately $250,000. Creative Planning increased its holdings in shares of Peoples Bancorp by 38.4% during the second quarter. Creative Planning now owns 23,591 shares of the bank’s stock valued at $708,000 after acquiring an additional 6,542 shares in the last quarter. AQR Capital Management LLC grew its holdings in Peoples Bancorp by 158.5% during the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock worth $1,729,000 after buying an additional 35,333 shares in the last quarter. Commonwealth Financial Services LLC grew its holdings in Peoples Bancorp by 5.3% during the second quarter. Commonwealth Financial Services LLC now owns 41,793 shares of the bank’s stock worth $1,218,000 after buying an additional 2,097 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Peoples Bancorp by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,465,385 shares of the bank’s stock worth $73,960,000 after buying an additional 6,712 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Trading Down 0.9 %

Shares of NASDAQ PEBO opened at $29.55 on Wednesday. The business’s 50 day moving average price is $30.42 and its 200-day moving average price is $29.94. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 8.85 and a beta of 0.75. Peoples Bancorp Inc. has a fifty-two week low of $25.04 and a fifty-two week high of $34.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.82 and a current ratio of 0.82.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Peoples Bancorp had a net margin of 20.58% and a return on equity of 12.76%. The company had revenue of $154.47 million for the quarter, compared to analysts’ expectations of $111.30 million. During the same quarter in the previous year, the business posted $0.83 EPS. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Monday, August 5th. Peoples Bancorp’s dividend payout ratio is currently 47.90%.

Insider Transactions at Peoples Bancorp

In other news, Director David F. Dierker sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $32.07, for a total transaction of $128,280.00. Following the completion of the sale, the director now owns 13,330 shares in the company, valued at approximately $427,493.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director David F. Dierker sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $32.07, for a total transaction of $128,280.00. Following the completion of the transaction, the director now directly owns 13,330 shares of the company’s stock, valued at $427,493.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David F. Dierker sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $30.36, for a total transaction of $30,360.00. Following the sale, the director now owns 10,330 shares in the company, valued at approximately $313,618.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,617 shares of company stock valued at $209,214. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler initiated coverage on Peoples Bancorp in a research report on Friday, October 4th. They set an “overweight” rating and a $39.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.25.

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.