Hennion & Walsh Asset Management Inc. Buys 3,593 Shares of Peoples Bancorp Inc. (NASDAQ:PEBO)

Hennion & Walsh Asset Management Inc. boosted its position in Peoples Bancorp Inc. (NASDAQ:PEBO) by 29.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,636 shares of the bank’s stock after purchasing an additional 3,593 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Peoples Bancorp were worth $496,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Shoker Investment Counsel Inc. lifted its stake in Peoples Bancorp by 1.2% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 31,151 shares of the bank’s stock valued at $937,000 after purchasing an additional 362 shares during the last quarter. FMR LLC lifted its stake in Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank’s stock valued at $38,000 after purchasing an additional 370 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Peoples Bancorp by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank’s stock valued at $721,000 after purchasing an additional 626 shares during the last quarter. CWM LLC lifted its position in Peoples Bancorp by 503.9% during the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock worth $56,000 after acquiring an additional 1,552 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Peoples Bancorp by 16.0% during the third quarter. Inspire Investing LLC now owns 13,718 shares of the bank’s stock worth $413,000 after acquiring an additional 1,890 shares during the last quarter. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PEBO. Keefe, Bruyette & Woods raised their price objective 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. Piper Sandler cut their price objective 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.25.

Peoples Bancorp Stock Performance

NASDAQ PEBO opened at $31.30 on Tuesday. The firm’s fifty day moving average price is $33.39 and its two-hundred day moving average price is $31.90. The stock has a market cap of $1.11 billion, a PE ratio of 8.92 and a beta of 0.79. Peoples Bancorp Inc. has a fifty-two week low of $26.74 and a fifty-two week 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.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $112.30 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. On average, equities analysts expect that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $34.13, for a total transaction of $34,130.00. Following the sale, the director now owns 29,322 shares of the company’s stock, valued at approximately $1,000,759.86. This represents a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David F. Dierker sold 2,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $35.36, for a total transaction of $70,720.00. Following the transaction, the director now directly owns 1,214 shares in the company, valued at $42,927.04. This trade represents a 62.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,420 shares of company stock valued at $424,076. 3.46% of the stock is currently owned by insiders.

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.