Peoples Bancorp Inc. $PEBO Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,663 shares of the bank’s stock after buying an additional 21,107 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.19% of Peoples Bancorp worth $2,290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peoples Bank OH grew its holdings in shares of Peoples Bancorp by 1.6% during the first quarter. Peoples Bank OH now owns 443,618 shares of the bank’s stock worth $14,582,000 after buying an additional 7,043 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in Peoples Bancorp by 2.9% during the 1st quarter. Pathway Financial Advisers LLC now owns 36,540 shares of the bank’s stock valued at $1,201,000 after acquiring an additional 1,020 shares during the last quarter. Intrua Financial LLC purchased a new stake in Peoples Bancorp during the 1st quarter valued at approximately $207,000. Wesbanco Bank Inc. acquired a new stake in Peoples Bancorp during the 1st quarter worth approximately $206,000. Finally, SG Americas Securities LLC grew its stake in shares of Peoples Bancorp by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 17,437 shares of the bank’s stock valued at $573,000 after purchasing an additional 1,505 shares during the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PEBO shares. Piper Sandler boosted their target price on Peoples Bancorp from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp in a report on Friday, May 29th. Hovde Group lifted their price objective on shares of Peoples Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Finally, DA Davidson upped their price objective on shares of Peoples Bancorp from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp presently has an average rating of “Moderate Buy” and an average price target of $37.50.

Peoples Bancorp Stock Down 1.9%

PEBO opened at $37.73 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.09 and a beta of 0.62. Peoples Bancorp Inc. has a one year low of $27.49 and a one year high of $39.33. The business’s fifty day moving average is $35.62 and its two-hundred day moving average is $33.55.

Peoples Bancorp (NASDAQ:PEBO) last announced its quarterly earnings results on Tuesday, April 21st. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Peoples Bancorp had a return on equity of 9.75% and a net margin of 17.92%.The business had revenue of $119.33 million during the quarter, compared to analysts’ expectations of $118.72 million. Analysts anticipate that Peoples Bancorp Inc. will post 3.4 EPS for the current fiscal year.

Peoples Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 4th were issued a dividend of $0.42 per share. This is an increase from Peoples Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 4th. This represents a $1.68 annualized dividend and a yield of 4.5%. Peoples Bancorp’s payout ratio is 53.85%.

Insider Transactions at Peoples Bancorp

In other Peoples Bancorp news, Director Dwight Eric Smith purchased 1,000 shares of Peoples Bancorp stock in a transaction on Monday, April 27th. The shares were bought at an average price of $34.51 per share, with a total value of $34,510.00. Following the completion of the acquisition, the director directly owned 9,256 shares of the company’s stock, valued at approximately $319,424.56. This trade represents a 12.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.