Uncommon Cents Investing LLC Decreases Holdings in Peoples Bancorp Inc. (NASDAQ:PEBO)

Uncommon Cents Investing LLC reduced its stake in Peoples Bancorp Inc. (NASDAQ:PEBO) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,420 shares of the bank’s stock after selling 450 shares during the period. Uncommon Cents Investing LLC’s holdings in Peoples Bancorp were worth $1,263,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Peoples Bancorp by 74.1% in the first quarter. FMR LLC now owns 1,504 shares of the bank’s stock valued at $39,000 after buying an additional 640 shares in the last quarter. Quantbot Technologies LP grew its position in Peoples Bancorp by 60.0% in the first quarter. Quantbot Technologies LP now owns 1,600 shares of the bank’s stock valued at $50,000 after acquiring an additional 600 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Peoples Bancorp during the fourth quarter valued at approximately $45,000. Metropolitan Life Insurance Co NY raised its stake in shares of Peoples Bancorp by 29.2% during the second quarter. Metropolitan Life Insurance Co NY now owns 1,858 shares of the bank’s stock valued at $49,000 after purchasing an additional 420 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Peoples Bancorp by 46.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,078 shares of the bank’s stock worth $53,000 after purchasing an additional 663 shares in the last quarter. 60.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PEBO has been the subject of a number of recent analyst reports. StockNews.com raised shares of Peoples Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Piper Sandler started coverage on Peoples Bancorp in a research note on Friday, February 23rd. They set an “overweight” rating and a $34.00 target price for the company.

Peoples Bancorp Stock Performance

Peoples Bancorp stock opened at $29.61 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $28.93. The stock has a market cap of $1.05 billion, a P/E ratio of 8.56 and a beta of 0.76. Peoples Bancorp Inc. has a 52 week low of $23.05 and a 52 week high of $34.85.

Peoples Bancorp (NASDAQ:PEBO) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.10. The firm had revenue of $112.92 million for the quarter, compared to the consensus estimate of $115.00 million. Peoples Bancorp had a net margin of 21.52% and a return on equity of 13.47%. On average, analysts expect that Peoples Bancorp Inc. will post 3.39 EPS for the current fiscal year.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, February 5th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.27%. The ex-dividend date was Friday, February 2nd. Peoples Bancorp’s dividend payout ratio is currently 45.09%.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Carol A. Schneeberger sold 1,000 shares of Peoples Bancorp stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $32.27, for a total value of $32,270.00. Following the completion of the transaction, the director now owns 31,213 shares in the company, valued at approximately $1,007,243.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.46% of the stock is currently owned by insiders.

Peoples Bancorp 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.