SG Americas Securities LLC Makes New $250,000 Investment in Peoples Bancorp Inc. (NASDAQ:PEBO)

SG Americas Securities LLC purchased a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,318 shares of the bank’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEBO. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock worth $17,580,000 after acquiring an additional 123,423 shares during the period. AQR Capital Management LLC raised its holdings in Peoples Bancorp by 158.5% in the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after acquiring an additional 35,333 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in Peoples Bancorp in the 1st quarter valued at $1,011,000. Hantz Financial Services Inc. acquired a new position in shares of Peoples Bancorp during the 2nd quarter worth $981,000. Finally, Black Maple Capital Management LP acquired a new position in Peoples Bancorp in the 1st quarter worth about $966,000. 60.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Peoples Bancorp

In related news, Director David F. Dierker sold 1,000 shares of the company’s stock in a transaction dated 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 $313,618.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 2,121 shares of company stock worth $64,340. Insiders own 3.46% of the company’s stock.

Peoples Bancorp Trading Down 3.9 %

NASDAQ PEBO opened at $30.46 on Tuesday. The business’s 50-day moving average price is $30.50 and its two-hundred day moving average price is $30.07. Peoples Bancorp Inc. has a 12 month low of $25.04 and a 12 month high of $34.85. The firm has a market capitalization of $1.08 billion, a PE ratio of 9.12 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.84 EPS 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 during the quarter, compared to the consensus estimate of $111.30 million. During the same quarter last year, the firm posted $0.83 EPS. On average, analysts expect that Peoples Bancorp Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

Separately, Piper Sandler started coverage on Peoples Bancorp in a report on Friday, October 4th. They issued an “overweight” rating and a $39.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.25.

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.