Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 44.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,008 shares of the bank’s stock after acquiring an additional 3,690 shares during the quarter. SG Americas Securities LLC’s holdings in Peoples Bancorp were worth $381,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PEBO. Wellington Management Group LLP boosted its position in shares of Peoples Bancorp by 153.6% during the 3rd quarter. Wellington Management Group LLP now owns 352,488 shares of the bank’s stock worth $10,606,000 after acquiring an additional 213,488 shares in the last quarter. EMC Capital Management boosted its position in shares of Peoples Bancorp by 787.3% in the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 51,006 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Peoples Bancorp by 316.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock valued at $1,855,000 after purchasing an additional 46,845 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peoples Bancorp in the 3rd quarter valued at about $1,244,000. Finally, Barclays PLC boosted its position in shares of Peoples Bancorp by 138.9% in the 3rd quarter. Barclays PLC now owns 63,096 shares of the bank’s stock valued at $1,898,000 after purchasing an additional 36,684 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction on Friday, November 8th. The stock was sold at an average price of $34.13, for a total transaction of $34,130.00. Following the completion of the transaction, the director now directly owns 29,322 shares of the company’s stock, valued at approximately $1,000,759.86. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the transaction, the director now directly owns 23,760 shares of the company’s stock, valued at approximately $815,205.60. This represents a 14.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $411,010 in the last three months. 3.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PEBO has been the subject of a number of research analyst reports. DA Davidson decreased their target price on Peoples Bancorp from $42.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Piper Sandler upped their target price on Peoples Bancorp from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on Peoples Bancorp from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $37.50 price objective on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.90.

Peoples Bancorp Stock Down 1.6 %

PEBO opened at $32.14 on Tuesday. The business has a 50 day moving average price of $32.83 and a two-hundred day moving average price of $31.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.14 billion, a PE ratio of 9.71 and a beta of 0.79. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $37.07.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, beating the consensus estimate 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 in the previous year, the company posted $1.04 earnings per share. As a group, research analysts anticipate that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 4.98%. Peoples Bancorp’s dividend payout ratio is currently 48.34%.

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.