Thrivent Financial for Lutherans Has $1.10 Million Stake in Peoples Bancorp Inc. (NASDAQ:PEBO)

Thrivent Financial for Lutherans decreased its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,848 shares of the bank's stock after selling 22,230 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Peoples Bancorp worth $1,104,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PEBO. Swiss National Bank increased its stake in shares of Peoples Bancorp by 5.3% in the fourth quarter. Swiss National Bank now owns 69,800 shares of the bank's stock valued at $2,212,000 after purchasing an additional 3,500 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Peoples Bancorp by 12.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,595 shares of the bank's stock worth $1,477,000 after purchasing an additional 5,260 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Peoples Bancorp by 61.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 27,291 shares of the bank's stock valued at $865,000 after purchasing an additional 10,415 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Peoples Bancorp during the fourth quarter valued at about $2,122,000. Finally, Arizona State Retirement System lifted its holdings in Peoples Bancorp by 6.1% in the fourth quarter. Arizona State Retirement System now owns 10,304 shares of the bank's stock worth $327,000 after purchasing an additional 595 shares during the period. 60.68% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.20, for a total transaction of $30,200.00. Following the completion of the transaction, the director now directly owns 25,686 shares in the company, valued at $775,717.20. The trade was a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock valued at $94,050 in the last three months. Insiders own 3.41% of the company's stock.

Peoples Bancorp Stock Down 7.6 %

NASDAQ PEBO traded down $2.27 during trading on Thursday, reaching $27.55. 209,809 shares of the company's stock were exchanged, compared to its average volume of 128,741. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. Peoples Bancorp Inc. has a fifty-two week low of $27.10 and a fifty-two week high of $37.07. The company's fifty day simple moving average is $31.41 and its 200-day simple moving average is $31.98. The firm has a market capitalization of $982.71 million, a PE ratio of 8.32 and a beta of 0.75.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $0.76 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $1.04 earnings per share. Sell-side analysts predict that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.40 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 5.81%. Peoples Bancorp's payout ratio is 48.34%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Peoples Bancorp from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. DA Davidson lowered their price target on Peoples Bancorp from $42.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped 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. Finally, Stephens reaffirmed an "equal weight" rating and set a $37.50 target price on shares of Peoples Bancorp in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.