Quest Partners LLC Has $835,000 Stock Position in Peoples Bancorp Inc. (NASDAQ:PEBO)

Quest Partners LLC increased its position in shares of Peoples Bancorp Inc. (NASDAQ:PEBO) by 808.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,754 shares of the bank’s stock after acquiring an additional 24,698 shares during the quarter. Quest Partners LLC owned about 0.08% of Peoples Bancorp worth $835,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of Peoples Bancorp during the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new stake in Peoples Bancorp in the second quarter valued at about $46,000. CWM LLC increased its holdings in Peoples Bancorp by 503.9% in the third quarter. CWM LLC now owns 1,860 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,552 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Peoples Bancorp in the third quarter valued at about $123,000. Finally, SG Americas Securities LLC bought a new position in Peoples Bancorp during the third quarter worth about $250,000. Institutional investors own 60.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price objective on shares of Peoples Bancorp from $39.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Peoples Bancorp presently has an average rating of “Hold” and a consensus target price of $33.50.

Insider Buying and Selling

In other news, Director S Craig Beam sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $34.31, for a total value of $137,240.00. Following the completion of the transaction, the director now owns 23,760 shares in the company, valued at $815,205.60. This trade represents a 14.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $34.36, for a total value of $103,080.00. Following the completion of the sale, the insider now directly owns 16,092 shares in the company, valued at approximately $552,921.12. This represents a 15.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,445 shares of company stock worth $348,956. 3.46% of the stock is owned by corporate insiders.

Peoples Bancorp Price Performance

NASDAQ PEBO opened at $35.23 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 10.04 and a beta of 0.74. The business has a 50 day simple moving average of $31.65 and a 200 day simple moving average of $30.78. Peoples Bancorp Inc. has a 52-week low of $26.74 and a 52-week high of $36.19.

Peoples Bancorp (NASDAQ:PEBO) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.07. The business had revenue of $158.41 million for the quarter, compared to analyst estimates of $112.30 million. Peoples Bancorp had a net margin of 20.16% and a return on equity of 11.84%. During the same period last year, the business posted $1.06 earnings per share. Analysts anticipate that Peoples Bancorp Inc. will post 3.31 earnings per share for the current fiscal year.

Peoples Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 4th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 4th. This represents a $1.60 annualized dividend and a dividend yield of 4.54%. Peoples Bancorp’s dividend payout ratio is currently 45.58%.

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.