Odyssean LLC Takes Position in Peoples Bancorp Inc. $PEBO

Odyssean LLC bought a new position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 27,226 shares of the bank’s stock, valued at approximately $1,046,000. Odyssean LLC owned 0.08% of Peoples Bancorp as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEBO. Royal Bank of Canada lifted its position in Peoples Bancorp by 4.9% during the first quarter. Royal Bank of Canada now owns 23,996 shares of the bank’s stock valued at $711,000 after buying an additional 1,111 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Peoples Bancorp by 46.5% in the 1st quarter. AQR Capital Management LLC now owns 101,653 shares of the bank’s stock valued at $3,015,000 after acquiring an additional 32,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Peoples Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,544 shares of the bank’s stock valued at $609,000 after acquiring an additional 862 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Peoples Bancorp by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,290 shares of the bank’s stock valued at $2,441,000 after acquiring an additional 5,175 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Peoples Bancorp by 87.2% during the 1st quarter. Jane Street Group LLC now owns 64,668 shares of the bank’s stock valued at $1,918,000 after acquiring an additional 30,121 shares in the last quarter. Institutional investors and hedge funds own 60.68% of the company’s stock.

Peoples Bancorp Price Performance

PEBO opened at $39.70 on Thursday. Peoples Bancorp Inc. has a twelve month low of $27.49 and a twelve month high of $42.29. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 11.99 and a beta of 0.61. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $39.61 and a 200 day simple moving average of $35.77.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, July 21st. The bank reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.11. The firm had revenue of $121.95 million for the quarter, compared to analyst estimates of $120.05 million. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. Equities research analysts expect that Peoples Bancorp Inc. will post 3.56 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.42 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.68 annualized dividend and a dividend yield of 4.2%. Peoples Bancorp’s payout ratio is 50.76%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PEBO. Piper Sandler set a $46.00 price target on Peoples Bancorp in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods boosted their price objective on Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. DA Davidson upped their target price on Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $42.00.

Insider Activity

In other Peoples Bancorp news, insider Matthew Edgell sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total transaction of $123,810.00. Following the completion of the sale, the insider owned 20,183 shares in the company, valued at $832,952.41. This trade represents a 12.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight Eric Smith acquired 1,000 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were acquired at an average price of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the acquisition, the director directly owned 10,256 shares in the company, valued at $408,291.36. The trade was a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.31% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp, Inc is a bank holding company headquartered in Marietta, Ohio. Through its subsidiary Peoples Bank, the company provides a comprehensive range of commercial and consumer banking services designed to serve individuals, businesses and institutional clients. Its deposit products include checking and savings accounts, money market accounts, certificates of deposit and digital banking platforms that enable secure online and mobile access.

On the lending side, Peoples Bancorp offers commercial and industrial loans, commercial real estate financing, construction and agricultural lending, as well as residential mortgage products.