ExodusPoint Capital Management LP Makes New $629,000 Investment in Peoples Bancorp Inc. (NASDAQ:PEBO)

ExodusPoint Capital Management LP bought a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,841 shares of the bank's stock, valued at approximately $629,000. ExodusPoint Capital Management LP owned approximately 0.06% of Peoples Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its holdings in Peoples Bancorp by 172.8% during the 4th quarter. US Bancorp DE now owns 1,094 shares of the bank's stock worth $35,000 after purchasing an additional 693 shares in the last quarter. FMR LLC grew its holdings in Peoples Bancorp by 42.0% during the third quarter. FMR LLC now owns 1,252 shares of the bank's stock worth $38,000 after buying an additional 370 shares in the last quarter. Spire Wealth Management bought a new stake in Peoples Bancorp during the fourth quarter worth $43,000. KLP Kapitalforvaltning AS purchased a new stake in Peoples Bancorp in the 4th quarter valued at $241,000. Finally, Virtu Financial LLC bought a new position in Peoples Bancorp during the 4th quarter valued at $243,000. Institutional investors and hedge funds own 60.68% of the company's stock.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.20, for a total transaction of $30,200.00. Following the sale, the director now owns 25,686 shares of the company's stock, valued at $775,717.20. The trade was a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.41% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PEBO has been the subject of several recent analyst reports. 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. 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 research note on Wednesday, January 22nd. Finally, Piper Sandler lifted 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of "Hold" and a consensus price target of $38.38.

Peoples Bancorp Stock Performance

PEBO traded up $0.12 during midday trading on Thursday, reaching $27.81. The company had a trading volume of 48,703 shares, compared to its average volume of 131,199. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The business has a 50-day moving average price of $30.09 and a two-hundred day moving average price of $31.70. The stock has a market cap of $991.98 million, a PE ratio of 8.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings data 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 prior year, the business earned $1.04 EPS. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.28 earnings per share for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.75%. Peoples Bancorp's dividend payout ratio is presently 48.34%.

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.