Shoker Investment Counsel Inc. Raises Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Shoker Investment Counsel Inc. increased its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,151 shares of the bank’s stock after acquiring an additional 362 shares during the period. Shoker Investment Counsel Inc. owned approximately 0.09% of Peoples Bancorp worth $937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Peoples Bancorp by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 586,015 shares of the bank’s stock valued at $17,580,000 after buying an additional 123,423 shares during the period. EMC Capital Management increased its holdings in Peoples Bancorp by 787.3% in the third quarter. EMC Capital Management now owns 57,485 shares of the bank’s stock valued at $1,730,000 after buying an additional 51,006 shares during the last quarter. AQR Capital Management LLC raised its stake in Peoples Bancorp by 158.5% in the second quarter. AQR Capital Management LLC now owns 57,631 shares of the bank’s stock valued at $1,729,000 after buying an additional 35,333 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Peoples Bancorp during the 1st quarter worth about $1,011,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Peoples Bancorp during the 2nd quarter worth about $981,000. 60.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the sale, the director now owns 23,760 shares in the company, valued at approximately $815,205.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Matthew Edgell sold 3,000 shares of the 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 sale, the insider now directly owns 16,092 shares in the company, valued at $552,921.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Craig Beam sold 4,000 shares of Peoples Bancorp stock in a transaction that occurred 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 owns 23,760 shares of the company’s stock, valued at $815,205.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,541 shares of company stock valued at $351,856. 3.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $34.55 on Friday. Peoples Bancorp Inc. has a 1 year low of $26.74 and a 1 year high of $35.66. 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 firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.84 and a beta of 0.74. The stock’s 50-day moving average is $30.81 and its two-hundred day moving average is $30.43.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. The business had revenue of $158.41 million during the quarter, compared to the consensus estimate of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same period in the prior year, the company earned $1.06 earnings per share. Analysts predict that Peoples Bancorp Inc. will post 3.31 earnings per share for the current year.

Peoples Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 4th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.63%. The ex-dividend date is Monday, November 4th. Peoples Bancorp’s dividend payout ratio (DPR) is presently 45.58%.

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.