Quest Partners LLC Has $835,000 Stock Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Quest Partners LLC increased its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 808.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,754 shares of the bank's stock after purchasing an additional 24,698 shares during the period. Quest Partners LLC owned 0.08% of Peoples Bancorp worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PEBO. Boston Partners purchased a new position in Peoples Bancorp in the 1st quarter valued at about $710,000. Vanguard Group Inc. raised its stake in shares of Peoples Bancorp by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,904,357 shares of the bank's stock valued at $56,388,000 after purchasing an additional 18,272 shares in the last quarter. EMC Capital Management raised its stake in shares of Peoples Bancorp by 787.3% in the 3rd quarter. EMC Capital Management now owns 57,485 shares of the bank's stock valued at $1,730,000 after purchasing an additional 51,006 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of Peoples Bancorp in the 2nd quarter valued at about $981,000. Finally, AQR Capital Management LLC raised its stake in shares of Peoples Bancorp by 158.5% in the 2nd quarter. AQR Capital Management LLC now owns 57,631 shares of the bank's stock valued at $1,729,000 after purchasing an additional 35,333 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their target price on shares of Peoples Bancorp from $39.00 to $36.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.50.

Peoples Bancorp Price Performance

Shares of NASDAQ PEBO traded up $0.60 during trading on Friday, reaching $35.83. The company had a trading volume of 109,684 shares, compared to its average volume of 126,992. Peoples Bancorp Inc. has a 52 week low of $26.74 and a 52 week high of $36.19. The stock has a market cap of $1.27 billion, a PE ratio of 10.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The business's 50 day moving average price is $31.75 and its 200-day moving average price is $30.82.

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

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, November 4th. Peoples Bancorp's dividend payout ratio is presently 45.58%.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director David F. Dierker sold 1,000 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $30.36, for a total value of $30,360.00. Following the transaction, the director now directly owns 10,330 shares in the company, valued at $313,618.80. The trade was a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew Edgell sold 3,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $34.36, for a total transaction of $103,080.00. Following the completion of the transaction, the insider now owns 16,092 shares in the company, valued at $552,921.12. This trade represents a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,445 shares of company stock valued at $348,956 over the last 90 days. 3.46% of the stock is owned by corporate insiders.

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.