Peoples Bancorp Inc. (NASDAQ:PEBO) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 38.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,848 shares of the bank's stock after selling 22,230 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Peoples Bancorp worth $1,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Peoples Bancorp by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,203 shares of the bank's stock worth $8,883,000 after acquiring an additional 5,071 shares during the last quarter. Cerity Partners LLC increased its position in Peoples Bancorp by 262.6% during the third quarter. Cerity Partners LLC now owns 40,704 shares of the bank's stock worth $1,225,000 after purchasing an additional 29,479 shares during the last quarter. D.A. Davidson & CO. raised its stake in Peoples Bancorp by 2.7% during the third quarter. D.A. Davidson & CO. now owns 23,961 shares of the bank's stock worth $721,000 after purchasing an additional 626 shares during the period. Quantbot Technologies LP boosted its holdings in Peoples Bancorp by 223.3% in the 3rd quarter. Quantbot Technologies LP now owns 3,964 shares of the bank's stock valued at $119,000 after purchasing an additional 2,738 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Peoples Bancorp by 42.0% in the 3rd quarter. FMR LLC now owns 1,252 shares of the bank's stock valued at $38,000 after buying an additional 370 shares during the period. 60.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction on 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 directly owns 27,686 shares of the company's stock, valued at $858,819.72. The trade was a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $94,050 in the last ninety days. Company insiders own 3.41% of the company's stock.

Peoples Bancorp Trading Down 1.0 %

NASDAQ PEBO traded down $0.27 on Friday, reaching $27.28. The stock had a trading volume of 279,099 shares, compared to its average volume of 129,268. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $31.20 and a two-hundred day moving average price of $31.93. Peoples Bancorp Inc. has a 12-month low of $26.21 and a 12-month high of $37.07. The firm has a market capitalization of $973.08 million, a price-to-earnings ratio of 8.24 and a beta of 0.63.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its earnings results on Tuesday, January 21st. The bank reported $0.76 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business posted $1.04 EPS. As a group, sell-side analysts forecast that Peoples Bancorp Inc. will post 3.28 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed 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 5.87%. The ex-dividend date of this dividend was Monday, February 3rd. Peoples Bancorp's dividend payout ratio (DPR) is currently 48.34%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DA Davidson reduced their price target on shares of Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Stephens restated an "equal weight" rating and issued a $37.50 target price on shares of Peoples Bancorp in a research report on Wednesday, January 22nd. Finally, Piper Sandler increased their price target on Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Three research 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.com, Peoples Bancorp currently has an average rating of "Hold" and an average price target of $38.38.

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.