Peoples Bancorp Inc. $PEBO Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. lessened its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 38.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 104,549 shares of the bank’s stock after selling 64,946 shares during the period. Community Trust & Investment Co.’s holdings in Peoples Bancorp were worth $3,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. lifted its position in shares of Peoples Bancorp by 1.3% in the 1st quarter. D.A. Davidson & CO. now owns 24,366 shares of the bank’s stock worth $801,000 after acquiring an additional 320 shares during the period. Waverly Advisors LLC boosted its stake in Peoples Bancorp by 3.5% in the second quarter. Waverly Advisors LLC now owns 14,754 shares of the bank’s stock worth $567,000 after purchasing an additional 505 shares in the last quarter. Royal Bank of Canada increased its position in Peoples Bancorp by 10.0% in the 1st quarter. Royal Bank of Canada now owns 6,586 shares of the bank’s stock valued at $216,000 after acquiring an additional 600 shares in the last quarter. Allworth Financial LP raised its holdings in Peoples Bancorp by 87.0% during the 2nd quarter. Allworth Financial LP now owns 1,307 shares of the bank’s stock worth $50,000 after purchasing an additional 608 shares during the last quarter. Finally, Plan A Wealth LLC raised its stake in shares of Peoples Bancorp by 8.3% during the second quarter. Plan A Wealth LLC now owns 10,389 shares of the bank’s stock worth $399,000 after buying an additional 797 shares during the last quarter. Institutional investors own 60.68% of the company’s stock.

Peoples Bancorp Stock Up 2.3%

Shares of PEBO opened at $36.62 on Friday. The firm has a 50 day simple moving average of $39.03 and a two-hundred day simple moving average of $37.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $42.29. The company has a market cap of $1.32 billion, a P/E ratio of 11.06 and a beta of 0.62.

Peoples Bancorp (NASDAQ:PEBO) last issued its earnings results on Tuesday, July 21st. The bank reported $0.96 EPS for the quarter, topping the consensus estimate of $0.85 by $0.11. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%. The firm had revenue of $121.95 million during the quarter, compared to the consensus estimate of $120.05 million. Research analysts forecast that Peoples Bancorp Inc. will post 3.63 EPS for the current fiscal year.

Peoples Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a $0.42 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.68 annualized dividend and a yield of 4.6%. Peoples Bancorp’s dividend payout ratio is presently 50.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Peoples Bancorp in a research report on Monday, October 5th. DA Davidson cut their price objective on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. Piper Sandler set a $42.00 price objective on Peoples Bancorp in a report on Monday, October 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Peoples Bancorp in a research report on Wednesday, August 26th. Finally, Zacks Research raised Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Insiders Place Their Bets

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 value of $123,810.00. Following the completion of the sale, the insider owned 20,183 shares of the company’s stock, valued at approximately $832,952.41. This trade represents a 12.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight Smith acquired 1,000 shares of Peoples Bancorp stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average price of $39.81 per share, with a total value of $39,810.00. Following the completion of the acquisition, the director directly owned 10,256 shares of the company’s stock, valued at approximately $408,291.36. The trade was a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.31% of the company’s stock.

Peoples Bancorp Company Profile

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

Peoples Bank offers consumer and commercial deposit accounts, residential and commercial real estate loans, consumer lending, mortgage services, treasury management and other business financing solutions. The company also provides wealth management, trust, investment and insurance services through affiliated or related operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.