Quantinno Capital Management LP Acquires 28,243 Shares of Peoples Bancorp Inc. $PEBO

Quantinno Capital Management LP grew its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO) by 169.7% during the first quarter, HoldingsChannel.com reports. The firm owned 44,883 shares of the bank’s stock after acquiring an additional 28,243 shares during the quarter. Quantinno Capital Management LP’s holdings in Peoples Bancorp were worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PEBO. Larson Financial Group LLC bought a new position in shares of Peoples Bancorp in the third quarter worth about $30,000. Quarry LP bought a new stake in Peoples Bancorp during the 3rd quarter valued at about $35,000. Strs Ohio purchased a new stake in Peoples Bancorp in the 1st quarter valued at about $62,000. Russell Investments Group Ltd. grew its stake in Peoples Bancorp by 654.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,100 shares of the bank’s stock worth $93,000 after acquiring an additional 2,689 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Peoples Bancorp by 1,191.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the bank’s stock worth $114,000 after acquiring an additional 3,430 shares during the period. 60.68% of the stock is currently owned by institutional investors.

Peoples Bancorp Stock Performance

Shares of PEBO opened at $41.32 on Friday. The stock has a 50-day moving average of $38.81 and a two-hundred day moving average of $35.28. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $1.49 billion, a P/E ratio of 12.48 and a beta of 0.61.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.11. The company had revenue of $121.95 million for the quarter, compared to the consensus estimate of $120.05 million. Peoples Bancorp had a net margin of 19.17% and a return on equity of 10.71%. As a group, research analysts predict that Peoples Bancorp Inc. will post 3.56 EPS for the current year.

Peoples Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 3rd. Peoples Bancorp’s dividend payout ratio is presently 50.76%.

Analyst Ratings Changes

PEBO has been the topic of several research analyst reports. DA Davidson increased their price objective on Peoples Bancorp from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Keefe, Bruyette & Woods increased their price target on Peoples Bancorp from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Hovde Group raised their price target on Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Piper Sandler set a $46.00 price objective on Peoples Bancorp in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a research note on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Insider Transactions at Peoples Bancorp

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

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.