12,422 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,422 shares of the bank's stock, valued at approximately $394,000.

Several other large investors have also recently added to or reduced their stakes in PEBO. Jane Street Group LLC grew its holdings in Peoples Bancorp by 55.8% during the 3rd quarter. Jane Street Group LLC now owns 56,345 shares of the bank's stock valued at $1,695,000 after purchasing an additional 20,173 shares in the last quarter. Barclays PLC boosted its holdings in Peoples Bancorp by 138.9% in the third 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 last quarter. Thrivent Financial for Lutherans increased its holdings in Peoples Bancorp by 34.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 57,078 shares of the bank's stock worth $1,717,000 after purchasing an additional 14,658 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Peoples Bancorp by 2.7% in the third quarter. Geode Capital Management LLC now owns 850,654 shares of the bank's stock worth $25,601,000 after buying an additional 22,285 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Peoples Bancorp by 153.6% in the third 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. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Peoples Bancorp

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.02, for a total value of $31,020.00. Following the completion of the sale, the director now directly owns 27,686 shares in the company, valued at approximately $858,819.72. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 3,000 shares of company stock valued at $94,050 over the last three months. Company insiders own 3.41% of the company's stock.

Peoples Bancorp Stock Performance

Shares of PEBO traded down $0.47 during trading hours on Friday, reaching $29.77. 98,602 shares of the company's stock traded hands, compared to its average volume of 128,428. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.99 and a beta of 0.75. The business's fifty day simple moving average is $31.53 and its two-hundred day simple moving average is $31.99. Peoples Bancorp Inc. has a twelve month low of $27.10 and a twelve month high of $37.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.83 and a quick ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.01. Peoples Bancorp had a net margin of 18.90% and a return on equity of 11.07%. During the same period last year, the company posted $1.04 earnings per share. Analysts predict that Peoples Bancorp Inc. will post 3.28 earnings per share for the current year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Monday, February 3rd. Peoples Bancorp's payout ratio is 48.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PEBO shares. Piper Sandler boosted their target price on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Peoples Bancorp from $32.00 to $36.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. DA Davidson decreased their price objective on shares of Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Stephens reiterated an "equal weight" rating and set a $37.50 target price on shares of Peoples Bancorp in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $36.90.

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.