Peoples Bancorp Inc. (NASDAQ:PEBO) Stock Position Lowered by New Century Advisors LLC

New Century Advisors LLC lessened its position in Peoples Bancorp Inc. (NASDAQ:PEBOGet Rating) by 83.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 979 shares of the bank’s stock after selling 4,832 shares during the quarter. New Century Advisors LLC’s holdings in Peoples Bancorp were worth $26,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. EJF Capital LLC increased its stake in Peoples Bancorp by 42.9% in the 1st quarter. EJF Capital LLC now owns 221,254 shares of the bank’s stock valued at $6,927,000 after buying an additional 66,418 shares during the period. BNP Paribas Arbitrage SA increased its stake in Peoples Bancorp by 24.7% in the 4th quarter. BNP Paribas Arbitrage SA now owns 10,568 shares of the bank’s stock valued at $336,000 after buying an additional 2,095 shares during the period. Wellington Shields Capital Management LLC acquired a new position in Peoples Bancorp in the 1st quarter valued at approximately $1,685,000. Polaris Capital Management LLC acquired a new position in shares of Peoples Bancorp during the 1st quarter worth $313,000. Finally, Wellington Shields & Co. LLC acquired a new position in shares of Peoples Bancorp during the 1st quarter worth $1,685,000. Institutional investors and hedge funds own 52.10% of the company’s stock.

Peoples Bancorp Stock Performance

Peoples Bancorp stock traded down $0.57 during mid-day trading on Friday, reaching $28.96. The company had a trading volume of 1,599 shares, compared to its average volume of 83,141. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.16. Peoples Bancorp Inc. has a 52 week low of $25.63 and a 52 week high of $34.63. The company has a 50 day moving average of $29.96 and a 200-day moving average of $29.31. The firm has a market cap of $819.57 million, a price-to-earnings ratio of 12.15 and a beta of 0.89.

Peoples Bancorp (NASDAQ:PEBOGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The bank reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Peoples Bancorp had a net margin of 23.41% and a return on equity of 10.61%. During the same quarter in the prior year, the business posted $0.81 earnings per share. On average, sell-side analysts expect that Peoples Bancorp Inc. will post 3.42 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, August 5th. Peoples Bancorp’s dividend payout ratio (DPR) is currently 62.55%.

Wall Street Analyst Weigh In

PEBO has been the topic of several analyst reports. DA Davidson increased their price target on shares of Peoples Bancorp to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. StockNews.com upgraded shares of Peoples Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday. Stephens increased their price target on shares of Peoples Bancorp to $34.00 in a research note on Tuesday, August 23rd. B. Riley decreased their price objective on shares of Peoples Bancorp from $30.00 to $28.00 in a report on Monday, July 11th. Finally, Piper Sandler downgraded shares of Peoples Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $31.00 to $30.00 in a report on Friday, July 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Peoples Bancorp currently has a consensus rating of “Hold” and an average price target of $34.20.

Insider Buying and Selling

In other news, Director Kevin R. Reeves bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was acquired at an average price of $29.80 per share, for a total transaction of $89,400.00. Following the transaction, the director now directly owns 5,708 shares of the company’s stock, valued at approximately $170,098.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Kevin R. Reeves acquired 3,000 shares of the stock in a transaction on Friday, August 5th. The stock was purchased at an average price of $29.80 per share, for a total transaction of $89,400.00. Following the transaction, the director now owns 5,708 shares of the company’s stock, valued at approximately $170,098.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles W. Sulerzyski sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $31.17, for a total transaction of $46,755.00. Following the completion of the sale, the chief executive officer now owns 70,928 shares of the company’s stock, valued at approximately $2,210,825.76. The disclosure for this sale can be found here. 2.42% of the stock is currently owned by corporate insiders.

About Peoples Bancorp

(Get Rating)

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and retail banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; 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.

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Institutional Ownership by Quarter for Peoples Bancorp (NASDAQ:PEBO)

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