Peoples Bancorp Inc. (NASDAQ:PEBO) Stock Holdings Trimmed by EMC Capital Management

EMC Capital Management lessened its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 88.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,479 shares of the bank’s stock after selling 51,006 shares during the quarter. EMC Capital Management’s holdings in Peoples Bancorp were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PEBO. Wellington Management Group LLP raised 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 valued at $10,606,000 after acquiring an additional 213,488 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Peoples Bancorp by 316.5% during the third quarter. JPMorgan Chase & Co. now owns 61,645 shares of the bank’s stock worth $1,855,000 after purchasing an additional 46,845 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Peoples Bancorp in the 3rd quarter worth about $1,244,000. Barclays PLC boosted its holdings 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 buying an additional 36,684 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of 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 buying an additional 35,333 shares during the period. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Trading Down 0.6 %

Shares of NASDAQ:PEBO opened at $32.61 on Friday. The company has a 50 day moving average of $32.97 and a 200-day moving average of $32.02. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.16 billion, a P/E ratio of 9.85 and a beta of 0.79. Peoples Bancorp Inc. has a twelve month low of $26.74 and a twelve month high of $37.07.

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

Peoples Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.60 annualized dividend and a dividend yield of 4.91%. Peoples Bancorp’s dividend payout ratio is currently 48.34%.

Analysts Set New Price Targets

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

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director S Craig Beam sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total transaction of $137,240.00. Following the sale, the director now owns 23,760 shares in the company, valued at approximately $815,205.60. The trade was a 14.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total transaction of $31,020.00. Following the completion of the transaction, the director now owns 27,686 shares of the company’s stock, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $411,010 over the last ninety days. Insiders own 3.46% of the company’s stock.

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.