Victory Capital Management Inc. Has $1.12 Million Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Victory Capital Management Inc. raised its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,200 shares of the bank’s stock after buying an additional 2,150 shares during the quarter. Victory Capital Management Inc. owned 0.10% of Peoples Bancorp worth $1,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Shoker Investment Counsel Inc. increased its stake in shares of Peoples Bancorp by 1.2% in the second quarter. Shoker Investment Counsel Inc. now owns 30,789 shares of the bank’s stock worth $924,000 after acquiring an additional 356 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Peoples Bancorp by 3.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,043 shares of the bank’s stock worth $362,000 after purchasing an additional 381 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Peoples Bancorp during the 2nd quarter worth about $27,000. Wedge Capital Management L L P NC increased its holdings in Peoples Bancorp by 4.1% in the second quarter. Wedge Capital Management L L P NC now owns 24,567 shares of the bank’s stock worth $737,000 after buying an additional 960 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Peoples Bancorp by 7.5% during the second quarter. Principal Financial Group Inc. now owns 18,112 shares of the bank’s stock valued at $543,000 after acquiring an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Down 1.9 %

Shares of PEBO stock opened at $35.34 on Wednesday. The stock’s 50 day simple moving average is $31.84 and its 200 day simple moving average is $30.87. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $37.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.09 and a beta of 0.74.

Peoples Bancorp (NASDAQ:PEBO) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. During the same quarter last year, the firm posted $1.06 earnings per share. As a group, research analysts predict that Peoples Bancorp Inc. will post 3.31 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.53%. Peoples Bancorp’s payout ratio is presently 45.58%.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Peoples Bancorp presently has an average rating of “Hold” and a consensus target price of $33.50.

Insider Buying and Selling

In related news, Director David F. Dierker sold 1,000 shares of the business’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 transaction, the director now directly owns 10,330 shares in the company, valued at $313,618.80. The trade was a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew Edgell sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $34.36, for a total value of $103,080.00. Following the completion of the transaction, the insider now directly owns 16,092 shares of the company’s stock, valued at approximately $552,921.12. This trade represents a 15.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,445 shares of company stock valued at $348,956. Insiders own 3.46% of the company’s stock.

Peoples Bancorp 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.