Thrivent Financial for Lutherans Has $1.72 Million Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Thrivent Financial for Lutherans increased its stake in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 34.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,078 shares of the bank's stock after buying an additional 14,658 shares during the period. Thrivent Financial for Lutherans owned about 0.16% of Peoples Bancorp worth $1,717,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PEBO. nVerses Capital LLC acquired a new stake in Peoples Bancorp in the second quarter worth $27,000. Innealta Capital LLC bought a new position in Peoples Bancorp in the 2nd quarter worth approximately $46,000. CWM LLC grew its holdings in Peoples Bancorp by 503.9% in the 3rd quarter. CWM LLC now owns 1,860 shares of the bank's stock worth $56,000 after buying an additional 1,552 shares in the last quarter. Quest Partners LLC increased its position in Peoples Bancorp by 20,273.3% in the 2nd quarter. Quest Partners LLC now owns 3,056 shares of the bank's stock valued at $92,000 after acquiring an additional 3,041 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Peoples Bancorp during the third quarter valued at about $123,000. Institutional investors and hedge funds own 60.68% of the company's stock.

Peoples Bancorp Price Performance

NASDAQ:PEBO traded down $0.13 during trading hours on Friday, reaching $35.08. 75,904 shares of the company's stock were exchanged, compared to its average volume of 126,632. 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 company has a market capitalization of $1.25 billion, a P/E ratio of 9.99 and a beta of 0.74. Peoples Bancorp Inc. has a 12 month low of $26.74 and a 12 month high of $37.07. The business's 50-day simple moving average is $32.16 and its two-hundred day simple moving average is $30.99.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.07. The business had revenue of $158.41 million during the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a return on equity of 11.84% and a net margin of 20.16%. During the same quarter last year, the company posted $1.06 EPS. Sell-side analysts expect that Peoples Bancorp Inc. will post 3.31 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.56%. Peoples Bancorp's dividend payout ratio (DPR) is presently 45.58%.

Insider Activity

In other news, Director Carol A. Schneeberger sold 1,000 shares of the company's stock in a transaction on Monday, September 9th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director S Craig Beam sold 4,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares in the company, valued at $815,205.60. This trade represents a 14.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,445 shares of company stock worth $348,956. 3.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.50.

Peoples Bancorp Company 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.