41,335 Shares in Peoples Bancorp Inc. (NASDAQ:PEBO) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,335 shares of the bank's stock, valued at approximately $1,244,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Peoples Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners purchased a new stake in Peoples Bancorp during the 1st quarter worth about $710,000. Vanguard Group Inc. boosted its position in shares of Peoples Bancorp by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank's stock valued at $56,388,000 after acquiring an additional 18,272 shares during the period. EMC Capital Management increased its holdings in Peoples Bancorp by 787.3% during the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank's stock worth $1,730,000 after acquiring an additional 51,006 shares during the period. Hantz Financial Services Inc. bought a new position in Peoples Bancorp in the 2nd quarter valued at $981,000. Finally, Quest Partners LLC grew its position in shares of Peoples Bancorp by 808.2% during the 3rd quarter. Quest Partners LLC now owns 27,754 shares of the bank's stock valued at $835,000 after purchasing an additional 24,698 shares in the last quarter. Institutional investors own 60.68% of the company's stock.

Insider Activity

In related news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $30.33, for a total value of $30,330.00. Following the transaction, the director now directly owns 29,963 shares of the company's stock, valued at approximately $908,777.79. This represents a 3.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew Edgell sold 3,000 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $34.36, for a total value of $103,080.00. Following the completion of the transaction, the insider now owns 16,092 shares of the company's stock, valued at $552,921.12. This represents a 15.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,445 shares of company stock worth $348,956 over the last three months. 3.46% of the stock is currently owned by corporate insiders.

Peoples Bancorp Trading Down 0.4 %

Shares of NASDAQ:PEBO traded down $0.13 on Wednesday, hitting $35.21. The company had a trading volume of 89,087 shares, compared to its average volume of 126,853. Peoples Bancorp Inc. has a 1 year low of $26.74 and a 1 year high of $37.07. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.16 and a beta of 0.74. The firm's 50-day simple moving average is $31.93 and its two-hundred day simple moving average is $30.90. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $158.41 million for the quarter, compared to analysts' expectations 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 firm earned $1.06 earnings per share. Equities analysts anticipate that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.54%. The ex-dividend date was Monday, November 4th. Peoples Bancorp's dividend payout ratio (DPR) is 45.58%.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $33.50.

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.